{"data":{"id":"us-gu/11-gca-106504","jurisdiction":"us-gu","citation":"11 GCA § 106504","heading":"Unlawful Service as Officer, or Director.","body":"It shall be unlawful for any person to serve as an officer or director of a bank who:\n(a) Is an officer, director or employee of a directly competitive bank.\n(b) Has been convicted of an offense constituting in the jurisdiction in which the judgment was rendered a violation of the banking laws, a felony having as one of its necessary elements a fraudulent act or an act of dishonesty in the solicitation of, acceptance, custody, or payment of money or property or a breach of trust.\n(c) Is indebted to the bank for more than thirty (30) days upon a judgment that has become final.\n(d) Has an interest adverse to the bank unless such interest is promptly and fully disclosed in writing to its board of directors or trustees.","path":["Title 11: Finance and Taxation","Division 4 - Banks and Banking","Chapter 106: Banks","ARTICLE 5: PROHIBITED PRACTICES, SANCTIONS"],"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":"d96de4fd72287722f8aadb8237a2591d35bb0763557e04f1a900e9f5c8103d08","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-106503","next":"us-gu/11-gca-106505"},"notice":"GroundRules: Original legal text. Not legal advice."}