Guam § 17107 - Guam Not Liable for Bonds; Board Only Liable as Provided
Full text of Guam Guam Code Annotated § 17107 — Guam Not Liable for Bonds; Board Only Liable as Provided, with citation guidance and answers to common questions.
§ 17107. Guam Not Liable for Bonds; Board Only Liable as Provided
by Indenture.
The Board, with the approval of I Maga =lahen Guåhan, may enter into
indenture providing for the aggregate principal amount, provided that such
aggregate amount authorized by this Act shall not exceed Twenty-five
Million Dollars ($25,000,000), date or dates, maturities, interest rates,
denominations, form, registration, transfer and interchange of any bonds
COL120106
and coupons issued pursuant to this Chapter, and the terms and conditions
on which the same shall be executed, issued, secured, sold, paid, redeemed,
funded and refunded. Reference on the face of the bonds to such indenture
by its date of adoption, or the apparent date on the face thereof, is sufficient
to incorporate all of the provisions thereof, and of this Chapter into the body
of the bonds and their appurtenant coupons. Each taker and subsequent
holder of the attached to or detached from the bonds, has recourse to all of
the provisions of the indenture and of this Chapter and is bound thereby.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17107
What does Guam Code Annotated § 17107 cover?
Section 17107 ("Guam Not Liable for Bonds; Board Only Liable as Provided") 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 § 17107?
A common citation format is "Guam Code Annotated § 17107" (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 § 17107 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.