Guam § 160101 - Declaration of Legislative Intent.
Full text of Guam Guam Code Annotated § 160101 — Declaration of Legislative Intent., with citation guidance and answers to common questions.
§ 160101. Declaration of Legislative Intent.
Liheslaturan Guåhan finds as facts and determines that:
(a) there exists on the island of Guam a need for the protection
of the public interest, to regulate companies which are engaged in
the Trust Company business;
(b) such trust companies should be licensed and regulated in
such a manner as to promote the public advantage and convenience;
and
(c) it is the purpose of this Chapter to bring under public
supervision those persons who are engaged in, or who desire to
engage in the business of a Trust Company, not in connection with
banking business, and to insure that there is established on Guam an
adequate, efficient and competitive Trust Company service.
This Act has been derived from the State of Nevada.
2017 NOTE: Subsection designations altered pursuant to the authority of 1 GCA §
1606.
Frequently Asked Questions About Guam § 160101
What does Guam Code Annotated § 160101 cover?
Section 160101 ("Declaration of Legislative Intent.") 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 § 160101?
A common citation format is "Guam Code Annotated § 160101" (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 § 160101 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.