Guam § 160502 - Penalty.
Full text of Guam Guam Code Annotated § 160502 — Penalty., with citation guidance and answers to common questions.
§ 160502. Penalty.
Every officer, employer, director or agent of a Trust Company who
knowingly or willfully neglects to perform any duty required by this
Chapter or other applicable law, or who knowingly or willfully fails to
conform to any material lawful requirement made by the Commissioner,
is subject to removal upon order of the Commissioner, and upon
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11 GCA FINANCE & TAXATION
CH. 160 GUAM-BASED TRUST COMPANIES ACT
conviction shall be punished by either imprisonment of not less than one
(1) year, and not to exceed six (6) years, or by a fine of not more than
Five Thousand Dollars ($5,000.00), or by both fine and imprisonment.
Frequently Asked Questions About Guam § 160502
What does Guam Code Annotated § 160502 cover?
Section 160502 ("Penalty.") 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 § 160502?
A common citation format is "Guam Code Annotated § 160502" (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 § 160502 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.