Guam § 162109 - Management Fees.
Full text of Guam Guam Code Annotated § 162109 — Management Fees., with citation guidance and answers to common questions.
§ 162109. Management Fees.
The financial institution administering a collective investment fund may charge a reasonable fund
management fee only if the amount of the fee does not exceed an amount commensurate with the value of
legitimate services of tangible benefit to the participating fiduciary accounts that would not have been
provided to the accounts were they not invested in the fund. No fees shall be assessed based on fund
performance. The aggregate expenses of the fund, to include management fees and administrative services
to all accounts, but not inclusive of the expense ratio of underlying investments, shall not exceed two
percent (2%).
Frequently Asked Questions About Guam § 162109
What does Guam Code Annotated § 162109 cover?
Section 162109 ("Management Fees.") 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 § 162109?
A common citation format is "Guam Code Annotated § 162109" (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 § 162109 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.