Guam § 44105 - Private Post-secondary Institutions: Institutional Closings.

§ 44105. Private Post-secondary Institutions: Institutional Closings.

At least thirty (30) days prior to closing an institution, its owners,

directors, or administrators shall notify the Council in writing of the closure

of the institution. An owner, director, or administrator who violates this

provision, or who fails to organize the orderly closure of the institution

commits a misdemeanor of the second degree. The Council may exercise

control over student records upon closure of a certified institution if the

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CH. 44 PRIVATE POST-SECONDARY INSTITUTIONS

institution does not provide an orderly closure.

The Council may require the institution to convey all student records to

the Council office or another location designated by the Council and shall

make copies of records available to bankruptcy trustees upon request and to

the student or those designated by the student. Confidentiality of the

records shall be maintained to the extent required by law. The Council may

seek civil penalties not to exceed Ten Thousand Dollars ($10,000) from any

owner, director, or administrator of an institution who knowingly destroys

abandons, or fails to convey or provide for the safekeeping of institutional

and student records.