Guam § 8 - Paying Agents.
Full text of Guam Guam Code Annotated § 8 — Paying Agents., with citation guidance and answers to common questions.
§ 8. Paying Agents.
The Government may at any time or from time to time
appoint one or more Paying Agents, in addition to the Trustee, for
the purpose of paying the principal or Redemption Price of and
the interest on Bonds of any series. Each Paying Agent shall
signify its acceptance of the duties and obligations imposed upon
it by this Indenture by executing and delivering to the Government
and each other Fiduciary a written acceptance thereof. The Trustee
shall enter into such arrangements with any such Paying Agent as
shah be necessary and desirable to enable such Paying Agent to
carry out the duties of its office. The Government may remove any
Paying Agent at any time by giving written notice of such removal
to such Paying Agent and each other Fiduciary. Any Paying Agent
may at any time resign by giving notice of such resignation to the
Government and each other Fiduciary and by giving affected
Bondholders notice of such resignation by mail in the manner
provided in § 4.03. In the event of the resignation or removal of
any Paying Agent, such Paying Agent shah pay over, transfer
assign and deliver any monies held by it to its successor or, if there
be no successor then appointed, to the Trustee. The Government
may appoint one or more successor Paying Agents and shall give
prompt notice of the acceptance of appointment by any successor
Paying Agent. Any Paying Agent appointed under the provisions
of this Section shall satisfy the criteria for eligibility set forth in
subsection (F)(1) of § 8.01 with respect to the Trustee, except that
such Paying Agent must have an office in a State of the United
States.
Frequently Asked Questions About Guam § 8
What does Guam Code Annotated § 8 cover?
Section 8 ("Paying Agents.") 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 § 8?
A common citation format is "Guam Code Annotated § 8" (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 § 8 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.