Guam § 133109 - Accounts Insured Under FSLIC.

§ 133109. Accounts Insured Under FSLIC.

Notwithstanding any provision of law including §§113108 and

133103 of this Code). a savings and loan association whose accounts are

insured by the Federal Savings and Loan Insurance Corporation (FSLIC)

shall be deemed to meet all net worth, reserve or capital requirements for

all purposes of this Act if the association is in compliance with the

regulatory net worth, reserve or capital requirements established by the

FSLIC for associations whose accounts are insured by the FSLIC. An

association whose accounts are insured by the FSLIC may include as net

worth, reserves or capital all items that the FSLIC permits FSLIC insured

associations to include as net worth, reserves or capital for purposes of

meeting any net worth, reserve or capital requirements established by the

FSLIC.