Guam § 160203 - Minimum Capitalization.
Full text of Guam Guam Code Annotated § 160203 — Minimum Capitalization., with citation guidance and answers to common questions.
§ 160203. Minimum Capitalization.
No Trust Company may be organized or operated with a capital of
less than One Hundred Thousand Dollars ($100,000.00), or in such
greater amount as may be required by the Commissioner, and paid-up
surplus of Fifty Thousand Dollars ($50,000.00), or in such greater
amount as may be required by the Commissioner. The full amount of the
capital and surplus must be paid in cash, exclusive of all organization
expenses, before the Trust Company is authorized to commence
business.
Frequently Asked Questions About Guam § 160203
What does Guam Code Annotated § 160203 cover?
Section 160203 ("Minimum Capitalization.") 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 § 160203?
A common citation format is "Guam Code Annotated § 160203" (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 § 160203 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.