{"data":{"id":"us-gu/11-gca-106219","jurisdiction":"us-gu","citation":"11 GCA § 106219","heading":"Authority to Declare Dividends.","body":"The board of directors of a territorial bank may declare dividends not more than once in each calendar quarter from undivided profits if:\n(a) The undivided profits account has been maintained in accordance with the provisions of this Title.\n(b) The reserve against deposits required by this Title is not and will not thereby be impaired.","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":"4194991a302a17b856418a62cf94043bc2c6f260a87fdb03628bb710f115528d","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-106218","next":"us-gu/11-gca-106220"},"notice":"GroundRules: Original legal text. Not legal advice."}