Guam § 160401 - Examination; Powers and Duties of Department of
Full text of Guam Guam Code Annotated § 160401 — Examination; Powers and Duties of Department of, with citation guidance and answers to common questions.
§ 160401. Examination; Powers and Duties of Department of
Revenue and Taxation.
(a) The Commissioner of Banking and Insurance, or any examiner
duly authorized, shall once during each year make a full examination into
all the books, papers and affairs or any Trust Company doing business
under §§ 160301, 160302, 160303 and 160304 of this Chapter, and in so
doing, shall have power to administer oaths and affirmation and to
examine on oath or affirmation the officers, agents and clerks of such
company, touching the matter which they may be authorized to inquire
into and examine, and to summon, and by subpoena compel the
attendance of any person(s) on Guam to testify under oath in relation to
the affairs of such company.
COL4122017
11 GCA FINANCE & TAXATION
CH. 160 GUAM-BASED TRUST COMPANIES ACT
(b) If the Commissioner has reason to believe the affairs of any
corporation are not being conducted in compliance with said sections, the
Commissioner may at any time make, or cause to be made, a special
examination of the assets of such corporation.
2011 NOTE: Reference to the “Banking Commisioner” changed to the
“Commissioner of Banking and Insurance” pursuant to P.L. 27-088:10 (May 6,
2004).
2017 NOTE: Subsection designations added pursuant to the authority of 1 GCA §
1606.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 160401
What does Guam Code Annotated § 160401 cover?
Section 160401 ("Examination; Powers and Duties of Department of") 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 § 160401?
A common citation format is "Guam Code Annotated § 160401" (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 § 160401 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.