Guam § 162106 - Rights and Interests of Participating Accounts and Contributors to the Participating
Full text of Guam Guam Code Annotated § 162106 — Rights and Interests of Participating Accounts and Contributors to the Participating, with citation guidance and answers to common questions.
§ 162106. Rights and Interests of Participating Accounts and Contributors to the Participating
Accounts.
(a) All participating accounts in a fund shall have a proportionate undivided interest in all the
fund's assets, which shall be reported in units of beneficial interest. No participating account shall have
individual ownership of any asset in the fund.
(b) A hard copy or electronic statement of participation shall be issued to each participating
account and contributors to the participating accounts at least quarterly. The statement of participation
shall indicate that the statement valuation is not guaranteed by the financial institution; that the units
of beneficial interest held by the participating account are not negotiable or assignable; and that the
statement is a representation of the participating account's undivided interest in the fund, and does not
represent individual ownership of any asset in the fund.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 162106
What does Guam Code Annotated § 162106 cover?
Section 162106 ("Rights and Interests of Participating Accounts and Contributors to the Participating") 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 § 162106?
A common citation format is "Guam Code Annotated § 162106" (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 § 162106 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.