Guam § 160402 - Fees for Examination; Frequency of Examination.
Full text of Guam Guam Code Annotated § 160402 — Fees for Examination; Frequency of Examination., with citation guidance and answers to common questions.
§ 160402. Fees for Examination; Frequency of Examination.
(a) For each examination of a Trust Company=s books and records
required or authorized under this Chapter, the Commissioner shall charge
and collect from the Trust Company a fee for conducting the
examination and in preparing and typing the report of the examination at
a reasonable rate to be established by the Commissioner.
(b) All money collected under this Section must be paid directly to
the General Fund of the government of Guam and allocated pursuant to §
160308.
(c) The Commissioner shall examine a licensee as often as the
Commissioner deems necessary, with cause.
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 § 160402
What does Guam Code Annotated § 160402 cover?
Section 160402 ("Fees for Examination; Frequency of Examination.") 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 § 160402?
A common citation format is "Guam Code Annotated § 160402" (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 § 160402 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.