{"data":{"id":"us-gu/11-gca-106203","jurisdiction":"us-gu","citation":"11 GCA § 106203","heading":"Locally Chartered or Territorial Bank: Additional Powers.","body":"A locally chartered bank or territorial bank operating under this Title shall, in addition to all specific powers conferred by this Title, have the following power:\nTo exercise, notwithstanding the provisions of § 106151 of Subarticle C, Title 11, Guam Code Annotated Code and § 2106 Title 18, Guam Code Annotated, all powers necessary to qualify as a trustee or custodian under the Federal Self-Employed Individuals Tax Retirement Act of 1962, as amended, and the Employee Retirement Income Security Act of 1974; provided that any funds held in such capacity shall be invested only in a savings account or time deposit of the institution.","path":["Title 11: Finance and Taxation","Division 4 - Banks and Banking","Chapter 106: Banks","ARTICLE 2: ORGANIZATION AND CORPORATE FUNCTIONS OF BANKS"],"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":"c49c2abb4036c5be3bb2280b3c1056f1e59c1b283be4f8b78055581bf0d9c7ab","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-106202","next":"us-gu/11-gca-106204"},"notice":"GroundRules: Original legal text. Not legal advice."}