Guam § 70118 - Licenses not Transferable.
Full text of Guam Guam Code Annotated § 70118 — Licenses not Transferable., with citation guidance and answers to common questions.
§ 70118. Licenses not Transferable.
(a) Every license issued under this Division shall be deemed to be personal and shall be issued to the
person or persons making application therefor, and may not in any circumstances be transferred to any other
person except upon the forfeiture of a tenancy or upon a foreclosure of a mortgage where the original
contract provides that the license is a security for the obligation, in which event the Board shall he promptly
notified of any such forfeiture.
(b) Any license conditioned upon the fulfillment of any qualifications or prerequisites pertaining to
the premises wherein the licensee conducts his business, trade or profession may not be transferred to
another location without written application to, and written approval by the Director of Revenue and
Taxation.
Frequently Asked Questions About Guam § 70118
What does Guam Code Annotated § 70118 cover?
Section 70118 ("Licenses not Transferable.") 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 § 70118?
A common citation format is "Guam Code Annotated § 70118" (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 § 70118 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.