Guam § 66115 - Trustee for Board and Holders of Bonds.
Full text of Guam Guam Code Annotated § 66115 — Trustee for Board and Holders of Bonds., with citation guidance and answers to common questions.
§ 66115. Trustee for Board and Holders of Bonds.
(a) The authority shall appoint a bank or trust company to act as
trustee for the Board and the holders of the bonds issued hereunder, and
the Board may authorize the trustee to act on behalf of the holders of the
bonds, or any stated percentage thereof, and to exercise and prosecute on
behalf of the holders of the bonds such rights and remedies as may be
available to the holders.
(b) The indenture shall provide (i) for the deposit of all revenues
with the trustee and for the holding thereof by the trustee in one or more
separate funds or accounts in the Guam Economic Development
Authority Mortgage Revenue Fund and (ii) for the transfer to such
trustee of such portions of revenues as are provided as security for the
bonds and for the holding thereof by such trustee in one or more separate
funds or accounts in said Revenue Fund. All money in each such fund or
account shall be disbursed only as provided herein and in the indenture.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 66115
What does Guam Code Annotated § 66115 cover?
Section 66115 ("Trustee for Board and Holders of 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 § 66115?
A common citation format is "Guam Code Annotated § 66115" (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 § 66115 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.