Guam § 15310 - Capital: Other than Life Insurer: Increase and
Full text of Guam Guam Code Annotated § 15310 — Capital: Other than Life Insurer: Increase and, with citation guidance and answers to common questions.
§ 15310. Capital: Other than Life Insurer: Increase and
Decrease.
(a) Any admitted domestic insurer may increase or decrease
the amount of its capital after giving notice once a week for four
(4) consecutive weeks in a newspaper of general circulation in
Guam of such intention, and by filing with the Commissioner a
copy of such advertisement together with a declaration under its
corporate seal, signed by stockholders representing three-fourths
(3/4) of its capital, of their desire so to do.
(b) If any person shall object to such increase or decrease
within one (1) week from date of last publication and give good
cause therefor, the Commissioner may order the insurer not to so
increase or decrease its capital.
(c) If the insurer receives no such order from the
Commissioner within ten (10) days after last publication, it may
proceed with the announced plan.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 15310
What does Guam Code Annotated § 15310 cover?
Section 15310 ("Capital: Other than Life Insurer: Increase and") 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 § 15310?
A common citation format is "Guam Code Annotated § 15310" (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 § 15310 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.