Guam § 35106 - Cancellation of Statement.
Full text of Guam Guam Code Annotated § 35106 — Cancellation of Statement., with citation guidance and answers to common questions.
§ 35106. Cancellation of Statement.
(a) If after notice and hearing as hereinafter provided, the Director
of Revenue & Taxation shall determine that any American lender having
on file a statement as provided in § 35105, (1) maintains an office in
Guam, (2) conducts its principal activities in Guam, or (3) is or was
formed or availed of by or for the account or benefits, directly or
indirectly, of one or more residents of, corporations organized under the
laws of, or employee benefit plans organized or having their principal
offices in Guam with a view to avoiding the imposition of any taxes
imposed by Guam, the Director shall by order cancel the American
lender=s statement.
(b) In giving notice of and conducting hearings, and in making and
entering orders, pursuant to subsection n(a), the Director shall have all of
powers conferred on him as the Commissioner of Banking and Insurance
by, and shall observe and comply with, and the hearings shall be
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conducted at the time or times in the manner specified in, and subject in
all respects to The Insurance Code of Guam (22 GCA Chapter 15).
Appeals from orders made and entered pursuant to subsection (a) of this
section may be taken at the time and in the manner provided for to the
Superior Court of Guam.
Frequently Asked Questions About Guam § 35106
What does Guam Code Annotated § 35106 cover?
Section 35106 ("Cancellation of Statement.") 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 § 35106?
A common citation format is "Guam Code Annotated § 35106" (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 § 35106 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.