Guam § 12112 - Examination of Accounts.
Full text of Guam Guam Code Annotated § 12112 — Examination of Accounts., with citation guidance and answers to common questions.
§ 12112. Examination of Accounts.
The corporation shall be examined at least once annually by the
Director of Revenue and Taxation and shall make reports of its condition
not less than annually to said Director of Revenue and Taxation and more
frequently upon call of the Director of Revenue and Taxation, who in turn
shall make copies of such reports available to the territorial Commissioner
of Banking and Insurance and the Governor; and the corporation shall also
furnish such other information as may from time to time be required by the
Governor and Lieutenant Governor of Guam. The corporation shall pay the
actual cost of said examinations. The Director of Revenue and Taxation
shall exercise the same power and authority over corporations organized
under this Chapter as is now exercised over banks and trust companies by
the provisions of the Guam banking code, where such banking code is not in
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conflict with this Chapter.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 12112
What does Guam Code Annotated § 12112 cover?
Section 12112 ("Examination of Accounts.") 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 § 12112?
A common citation format is "Guam Code Annotated § 12112" (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 § 12112 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.