Guam § 124106 - Acquisition of Certificates or Shares.
Full text of Guam Guam Code Annotated § 124106 — Acquisition of Certificates or Shares., with citation guidance and answers to common questions.
§ 124106. Acquisition of Certificates or Shares.
No association shall acquire in any manner, directly or indirectly,
any investment certificates or shares issued by it except by payment of
the full withdrawal value or redemption price in the manner provided in
this act, or by offset of such certificates or shares as may be pledged as
provided in this act as security for the payment of loans or in any plan of
reorganization (as defined in Section 146101) as authorized in Chapter
146, or in such other manner as may have the prior approval of the
commissioner. No officer, director or employee of any association shall
acquire any certificates or shares issued by the association with which he
is connected by any method of acquisition other than (a) by investing his
funds directly with the association or (b) by gift, bequest or descent,
unless such other method of acquisition has the prior approval of the
commissioner.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 124106
What does Guam Code Annotated § 124106 cover?
Section 124106 ("Acquisition of Certificates or Shares.") 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 § 124106?
A common citation format is "Guam Code Annotated § 124106" (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 § 124106 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.