Guam § 162110 - Mistakes in Administration of Funds.
Full text of Guam Guam Code Annotated § 162110 — Mistakes in Administration of Funds., with citation guidance and answers to common questions.
§ 162110. Mistakes in Administration of Funds.
A mistake made in good faith and in the exercise of due care in connection with the administration of
a fund is not a violation of this Chapter or any rules or regulations issued under this Chapter, if promptly
after discovery of the mistake the financial institution takes whatever action is reasonable under the
circumstances to remedy the mistake and reports the mistake to the Commissioner and appropriate federal
regulatory agencies as required by this Act.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 162110
What does Guam Code Annotated § 162110 cover?
Section 162110 ("Mistakes in Administration of Funds.") 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 § 162110?
A common citation format is "Guam Code Annotated § 162110" (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 § 162110 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.