Guam § 17109 - Designation of Trustee Under the Indenture.
Full text of Guam Guam Code Annotated § 17109 — Designation of Trustee Under the Indenture., with citation guidance and answers to common questions.
§ 17109. Designation of Trustee Under the Indenture.
The indenture pursuant to which the bonds are issued may designate a
bank, trust company or other financial institution with trust powers to act as
trustee for the Board and the holders of bonds issued hereunder, and the
Board may authorize the trustee to act on behalf of the holders of the bonds,
or any stated percentage thereof, and to exercise and prosecute on behalf of
the holders of the bonds such rights and remedies as may be available to the
holders. The indenture may provide for the deposit with such trustee of all
revenues securing the bonds, to be held in a separate fund or account in the
University Revenue Fund created pursuant to this Chapter.
The money in such fund shall be disbursed only as provided in the
indenture. The services of a bank, trust company or other financial
institution with trust powers, licensed to do business on Guam, shall
conform with the Guam Procurement Laws.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17109
What does Guam Code Annotated § 17109 cover?
Section 17109 ("Designation of Trustee Under the Indenture.") 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 § 17109?
A common citation format is "Guam Code Annotated § 17109" (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 § 17109 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.