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

18 GCA § 12101: Definitions.

As used in this Chapter, the following words and phrases, unless differ-ently defined or described, shall have meanings and references as follows:
(a) Corporation means a Territory of Guam industrial development corporation created under this Chapter. (b) Financial institution means any banking corporation or trust company, savings and loan institution, insurance company or related corporation, part-nership, foundation, or other institution engaged primarily in lending or investing funds.
(b) Financial institution means any banking corporation or trust company, savings and loan institution, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing.
(c) Member means any financial institution authorized to do business within this territory which shall undertake to lend money to a corporation created under this Chapter, upon its call, and in accordance with the provisions of this Chapter.
(d) Loan limit means for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this Chapter.

Where this section sits in the code

Title 18: Business Structure and Function
Division 1 - Business Structure
Part 2 - Special Corporate Forms
Chapter 12: Industrial Development Corporations

As used in this Chapter, the following words and phrases, unless differ-ently defined or described, shall have meanings and references as follows:

(a) Corporation means a Territory of Guam industrial development corporation created under this Chapter. (b) Financial institution means any banking corporation or trust company, savings and loan institution, insurance company or related corporation, part-nership, foundation, or other institution engaged primarily in lending or investing funds.

(b) Financial institution means any banking corporation or trust company, savings and loan institution, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing.

(c) Member means any financial institution authorized to do business within this territory which shall undertake to lend money to a corporation created under this Chapter, upon its call, and in accordance with the provisions of this Chapter.

(d) Loan limit means for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this Chapter.

Collected 2026-09-27T03:53:48Z. Source file · JSON

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