Guam § 56409 - When Master Cannot Trade on his Account.
Full text of Guam Guam Code Annotated § 56409 — When Master Cannot Trade on his Account., with citation guidance and answers to common questions.
§ 56409. When Master Cannot Trade on his Account.
The master of a ship, who engages for a common profit on the cargo,
must not trade on his own account, and if he does, he must account to his
employer for all profits thus made by him.
Frequently Asked Questions About Guam § 56409
What does Guam Code Annotated § 56409 cover?
Section 56409 ("When Master Cannot Trade on his Account.") 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 § 56409?
A common citation format is "Guam Code Annotated § 56409" (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 § 56409 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.