Guam § 162104 - Management of the Fund.
Full text of Guam Guam Code Annotated § 162104 — Management of the Fund., with citation guidance and answers to common questions.
§ 162104. Management of the Fund.
The financial institution shall have the exclusive management and control of each fund administered
by it, and the sole right at any time to sell, convert, exchange, transfer, or otherwise change or dispose of
the assets comprising within the fund, except as a prudent person might delegate responsibilities to others.
The ownership of the fund's assets shall be solely in the financial institution as fiduciary, and shall be
considered as assets held by it as fiduciary. No assets of the fund shall be pledged as collateral.
COL08222024
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 162104
What does Guam Code Annotated § 162104 cover?
Section 162104 ("Management of the Fund.") 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 § 162104?
A common citation format is "Guam Code Annotated § 162104" (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 § 162104 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.