us-gu · Through P.L. 38-133 (June 4, 2026)

11 GCA § 160211: License Fees; Renewals.

(a) The initial fee to be paid for a Trust Company license must be in proportion to the authorized capitalization of the Trust Company as follows:
(1) a Trust Company having a capitalization of more than One Hundred Thousand Dollars ($100,000.00), up to and including Five Hundred Thousand Dollars ($500,000.00), shall pay a license fee of Five Hundred Dollars ($500.00);
(2) a Trust Company having a capitalization of more than Five Hundred Thousand Dollars ($500,000.00), up to and including One Million Dollars ($1,000,000.00), shall pay a license fee of Seven Hundred Fifty Dollars ($750.00); and
(3) a Trust Company having a capitalization of more than One Million Dollars ($1,000,000.00) shall pay a license fee of One Thousand Dollars ($1,000.00).
(b) In addition, every Trust Company shall pay an initial license fee of One Hundred Dollars ($100.00) for each branch office that may be authorized by the Commissioner.
(c) Thereafter, every Trust Company shall pay annually, on or before June 30 of each year, a license fee which must be in proportion to its initial paid-in capital and surplus, or to its net worth as of December 31 st of the preceding year, whichever is higher, as follows:
(1) a Trust Company having a capitalization of less than One Hundred Thousand Dollars ($100,000.00) shall pay a license fee of Two Hundred Fifty Dollars ($250.00);
(2) a Trust Company having a capitalization of more than One Hundred Thousand Dollars ($100,000.00), up to and including Five Hundred Thousand Dollars ($500,000.00), shall pay a license fee of Five Hundred Dollars ($500.00);
(3) a Trust Company having a capitalization of more than Five Hundred Thousand Dollars ($500,000.00), up to and including One Million Dollars ($1,000,000.00), shall pay a license fee of Seven Hundred Fifty Dollars ($750.00); and
(4) A Trust Company having a capitalization of more than One Million Dollars ($1,000,000.00) shall pay a license fee of One Thousand Dollars ($1,000.00).
(d) All money collected under the provisions of this Section must be paid into the special purpose trust account as directed under § 160307.

Where this section sits in the code

Title 11: Finance and Taxation
Division 5 - Savings and Loans Associations
Chapter 160: Guam-Based Trust Companies Act
ARTICLE 2: ORGANIZATION AND LICENSING

(a) The initial fee to be paid for a Trust Company license must be in proportion to the authorized capitalization of the Trust Company as follows:

(1) a Trust Company having a capitalization of more than One Hundred Thousand Dollars ($100,000.00), up to and including Five Hundred Thousand Dollars ($500,000.00), shall pay a license fee of Five Hundred Dollars ($500.00);

(2) a Trust Company having a capitalization of more than Five Hundred Thousand Dollars ($500,000.00), up to and including One Million Dollars ($1,000,000.00), shall pay a license fee of Seven Hundred Fifty Dollars ($750.00); and

(3) a Trust Company having a capitalization of more than One Million Dollars ($1,000,000.00) shall pay a license fee of One Thousand Dollars ($1,000.00).

(b) In addition, every Trust Company shall pay an initial license fee of One Hundred Dollars ($100.00) for each branch office that may be authorized by the Commissioner.

(c) Thereafter, every Trust Company shall pay annually, on or before June 30 of each year, a license fee which must be in proportion to its initial paid-in capital and surplus, or to its net worth as of December 31 st of the preceding year, whichever is higher, as follows:

(1) a Trust Company having a capitalization of less than One Hundred Thousand Dollars ($100,000.00) shall pay a license fee of Two Hundred Fifty Dollars ($250.00);

(2) a Trust Company having a capitalization of more than One Hundred Thousand Dollars ($100,000.00), up to and including Five Hundred Thousand Dollars ($500,000.00), shall pay a license fee of Five Hundred Dollars ($500.00);

(3) a Trust Company having a capitalization of more than Five Hundred Thousand Dollars ($500,000.00), up to and including One Million Dollars ($1,000,000.00), shall pay a license fee of Seven Hundred Fifty Dollars ($750.00); and

(4) A Trust Company having a capitalization of more than One Million Dollars ($1,000,000.00) shall pay a license fee of One Thousand Dollars ($1,000.00).

(d) All money collected under the provisions of this Section must be paid into the special purpose trust account as directed under § 160307.

Collected 2026-09-27T03:20:58Z. Source file · JSON

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