Guam § 66109 - Interest on Bonds.
Full text of Guam Guam Code Annotated § 66109 — Interest on Bonds., with citation guidance and answers to common questions.
§ 66109. Interest on Bonds.
(a) Bonds shall bear interest payable annually or semi-annually or in
part annually and in part semi-annually, except that the first coupon on
any bond may be payable twelve (12) months or any number of months
less than twelve (12) after the date of such bond.
(b) If, upon presentation at maturity, or if redeemable and duly
called for redemption, payment of the bonds or any interest coupon
thereof is not made in accordance with the indenture of issuance, said
bonds or coupons, or both, shall continue to bear interest at the rate
stated in the bond until fully paid.
Frequently Asked Questions About Guam § 66109
What does Guam Code Annotated § 66109 cover?
Section 66109 ("Interest on Bonds.") 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 § 66109?
A common citation format is "Guam Code Annotated § 66109" (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 § 66109 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.