{"data":{"id":"us-gu/11-gca-106177","jurisdiction":"us-gu","citation":"11 GCA § 106177","heading":"Acquisition of Banking Premises and Equipment.","body":"(a) A bank may acquire real estate and equipment and improve real estate to be used in the transaction of its business on Guam and may rent any space so acquired in a building in excess of its present actual need; provided that unless a larger investment is authorized by the Commissioner, no banks shall invest more than the following:\nInvestment\nLand, building and equipment\n(other than safe deposit equipment) 50% of capital\nEquipment alone\n(other than safe deposit equipment) 15% of capital\nSafe deposit equipment 10% of capital in addition to the above\n(b) The rate of depreciation of property so acquired may be prescribed by the Commissioner.","path":["Title 11: Finance and Taxation","Division 4 - Banks and Banking","Chapter 106: Banks","ARTICLE 1: BANKING PRACTICES","SUBARTICLE D: RESERVES, LOANS, INVESTMENTS AND MISCELLANEOUS"],"source_url":"https://col.guamcourts.gov/sites/default/files/11gc106.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:18:18Z","sha256":"657466e8fa7e843a6e45793fb63cf62a11c11c2b876c71ddb6a9fd0286164861","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-106176","next":"us-gu/11-gca-106178"},"notice":"GroundRules: Original legal text. Not legal advice."}