Guam § 160208 - Application for License: Contents; Fees.
Full text of Guam Guam Code Annotated § 160208 — Application for License: Contents; Fees., with citation guidance and answers to common questions.
§ 160208. Application for License: Contents; Fees.
(a) The corporate Trust Company shall file an application for a
license to transact Trust Company business with the Commissioner on
forms prescribed by the Commissioner, which must contain such
information as the Commissioner requires.
(b) A non-refundable fee of One Thousand Dollars ($1,000.00) for
the application and investigation must accompany the application. The
applicant shall also pay such additional expenses incurred in the process
of investigation as the Commissioner deems necessary.
(c) Notification of the location of a Trust Company branch office
shall be made to the Commissioner, accompanied by a non-refundable
fee in the amount of Two Hundred Fifty Dollars ($250.00).
(d) All money received by the Commissioner pursuant to this
Section must be placed in a special purpose trust account, pursuant to §
160307 of this Act.
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 § 160208
What does Guam Code Annotated § 160208 cover?
Section 160208 ("Application for License: Contents; Fees.") 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 § 160208?
A common citation format is "Guam Code Annotated § 160208" (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 § 160208 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.