11 GCA § 106202: Out of State Banks.
Where this section sits in the code
- Title 11: Finance and Taxation
- Division 4 - Banks and Banking
- Chapter 106: Banks
- ARTICLE 2: ORGANIZATION AND CORPORATE FUNCTIONS OF BANKS
No out-of-state bank shall transact business in Guam. This Section shall not be deemed to prohibit:
(a) Any out-of-state bank from making loans secured by liens on real property located in Guam;
(b) Any out-of-state bank from being a resulting bank in an interstate merger transaction conducted pursuant to Article 3.5 of this Chapter;
(c) Any out-of-state bank from operating a branch within Guam to the extent permitted pursuant to Article 3.5 of this Chapter and by § 106601; or
(d) Any out-of-state bank doing business within Guam on the effective date of this Act from operating its branches within Guam in existence of the effective date of this Act.
Collected 2026-09-27T03:18:18Z. Source file · JSON