Guam § 5016 - Custodian Compliance and Immunity.
Full text of Guam Guam Code Annotated § 5016 — Custodian Compliance and Immunity., with citation guidance and answers to common questions.
§ 5016. Custodian Compliance and Immunity.
(a) No later than sixty (60) days after receipt of the information
required under §§ 5007 through 5015, a custodian shall comply with a
request under this Act from a fiduciary or designated recipient to disclose
digital assets or terminate an account. If the custodian fails to comply,
the fiduciary or designated recipient may apply to the court for an order
directing compliance.
(b) An order under Subsection (a) directing compliance must
contain a finding that the compliance is not in violation of 18 U.S.C. §
2702, as amended.
(c) A custodian may notify the user that a request for disclosure or
to terminate an account was made under this Act.
(d) A custodian may deny a request under this Act from a fiduciary
or designated recipient for disclosure of digital assets or to terminate an
account if the custodian is aware of any lawful access to the account
following the receipt of the fiduciary’s request.
(e) This Act does not limit a custodian’s ability to obtain or require
a fiduciary or designated recipient requesting disclosure or termination
under this Act to obtain a court order which:
(1) specifies that an account belongs to the ward or principal;
(2) specifies that there is sufficient consent from the ward or
principal to support the requested disclosure; and
(3) contains a finding required by law other than this Act.
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ACCESS TO DIGITAL ASSETS ACT
(f) A custodian and its officers, employees, and agents are immune
from liability for an act or omission done in good faith in compliance
with this Act.
Frequently Asked Questions About Guam § 5016
What does Guam Code Annotated § 5016 cover?
Section 5016 ("Custodian Compliance and Immunity.") 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 § 5016?
A common citation format is "Guam Code Annotated § 5016" (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 § 5016 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.