Guam § 116107 - Additional Powers of Associations.
Full text of Guam Guam Code Annotated § 116107 — Additional Powers of Associations., with citation guidance and answers to common questions.
§ 116107. Additional Powers of Associations.
COL120106
11 GCAFINANCE & TAXATION
Notwithstanding any other provision of law, savings and loan
associations organized or operating under this title may exercise any and
all such powers and may offer and accept any accounts or deposits that
are permitted to be exercised or offered or accepted by a federal savings
and loan association doing business in this territory (whether or not such
association is doing such business). Nothing in this Section shall restrict
or limit any right or power that a domestic association has under any
other provision of law. All such accounts or deposits shall be legal
investments for the funds of the government of Guam to the extent such
shares are insured by the Federal Savings and Loan Insurance
Corporation, and for the funds of executors, administrators, guardians,
receivers, and trustees of every kind and nature, and for the funds of all
insurance companies, and when, by any law of this territory, it is
provided that the monies of any pension fund, retirement plan, trust fund,
or the monies of any fund the investment of which is governed by law
may or shall be invested in securities which are a legal investment for
savings banks, then such law shall be deemed to authorize investment of
such monies in such accounts or deposits.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 116107
What does Guam Code Annotated § 116107 cover?
Section 116107 ("Additional Powers of Associations.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 116107?
A common citation format is "Guam Code Annotated § 116107" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 116107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.