Guam § 160206 - Commissioner to Issue Certificate of Incorporation;
Full text of Guam Guam Code Annotated § 160206 — Commissioner to Issue Certificate of Incorporation;, with citation guidance and answers to common questions.
§ 160206. Commissioner to Issue Certificate of Incorporation;
Commissioner Must Authorize Business Before Company May
Transact Business.
(a) The Commissioner shall issue a certificate in the form provided
by law for other corporations, and the existence of the Trust Company as
a corporation dates from the issuance of the certificate by the
Commissioner, from which time it has and may exercise the powers
conferred by law upon corporations generally, except as limited or
modified by this Chapter.
COL4122017
11 GCA FINANCE & TAXATION
CH. 160 GUAM-BASED TRUST COMPANIES ACT
(b) The Trust Company shall transact no business, except the
election of officers, and the taking and approving of their official bonds,
and the receipt of payments on account of the subscriptions of the capital
stock, and such other business as is incidental to its organization, until it
is authorized by the Commissioner to commence the Trust Company
business as provided in this Chapter.
2017 NOTE: Subsection designations altered pursuant to the authority of 1 GCA §
1606.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 160206
What does Guam Code Annotated § 160206 cover?
Section 160206 ("Commissioner to Issue Certificate of Incorporation;") 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 § 160206?
A common citation format is "Guam Code Annotated § 160206" (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 § 160206 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.