Guam § 68113 - Federal Reserve Member Bank as Trustee for Board and
Full text of Guam Guam Code Annotated § 68113 — Federal Reserve Member Bank as Trustee for Board and, with citation guidance and answers to common questions.
§ 68113. Federal Reserve Member Bank as Trustee for Board and
Holders of Bonds.
(a) A Federal Reserve member bank shall act as trustee for the
Board and the holders of 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 for the deposit of all revenues with
the trustee and for the holding thereof by the trustee and 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. All money so
held shall be disbursed only as provided in this Chapter and in the
indenture.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 68113
What does Guam Code Annotated § 68113 cover?
Section 68113 ("Federal Reserve Member Bank as Trustee for Board and") 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 § 68113?
A common citation format is "Guam Code Annotated § 68113" (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 § 68113 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.