11 GCA § 106724: Assets, Books of Account and Records in Guam for Business to be Separate: Priority of Creditors of Business in Guam.

Every foreign banking corporation doing business in Guam shall keep the assets of its Guam business entirely separate and apart from the assets of its business outside Guam as though the Guam business was conducted by a separate and distinct corporation. Every such corporation shall keep separate books of account and separate records for its Guam business in words and figures of the English language and shall observe with respect to such business the applicable requirements of this Title and the rules and regulations of the Board. The creditors of such corporation’s Guam business shall be entitled to priority with respect to the assets of the Guam business before such assets may be used or applied for the benefit of its other creditors or transferred to its general business.