Guam § 78103 - FSC License Term.
Full text of Guam Guam Code Annotated § 78103 — FSC License Term., with citation guidance and answers to common questions.
§ 78103. FSC License Term.
The Director shall issue a Guam FSC license to the applicant
provided the applicant fulfills the requirements set forth in § 78102 of
this Chapter. The license issued shall be for a term expiring December
31, 2026, subject to the condition that the licensee shall pay an annual
license fee each year in the amount provided in 11 GCA § 78106. The
first annual license fee shall be payable at the time an application for
license is filed with the Director. If the license is not issued, the fee shall
be refunded to the applicant. The license provided for herein shall not be
revoked or cancelled except for cause and in the manner provided in 11
GCA §76105; provided any licensed FSC may elect at the end of any
year during the term of its license not to pay the annual license fee and
request, in writing, cancellation of its Guam FSC.
Frequently Asked Questions About Guam § 78103
What does Guam Code Annotated § 78103 cover?
Section 78103 ("FSC License Term.") 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 § 78103?
A common citation format is "Guam Code Annotated § 78103" (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 § 78103 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.