{"data":{"id":"us-gu/11-gca-160211","jurisdiction":"us-gu","citation":"11 GCA § 160211","heading":"License Fees; Renewals.","body":"(a) The initial fee to be paid for a Trust Company license must be in proportion to the authorized capitalization of the Trust Company as follows:\n(1) a Trust Company having a capitalization of more than One Hundred Thousand Dollars ($100,000.00), up to and including Five Hundred Thousand Dollars ($500,000.00), shall pay a license fee of Five Hundred Dollars ($500.00);\n(2) a Trust Company having a capitalization of more than Five Hundred Thousand Dollars ($500,000.00), up to and including One Million Dollars ($1,000,000.00), shall pay a license fee of Seven Hundred Fifty Dollars ($750.00); and\n(3) a Trust Company having a capitalization of more than One Million Dollars ($1,000,000.00) shall pay a license fee of One Thousand Dollars ($1,000.00).\n(b) In addition, every Trust Company shall pay an initial license fee of One Hundred Dollars ($100.00) for each branch office that may be authorized by the Commissioner.\n(c) Thereafter, every Trust Company shall pay annually, on or before June 30 of each year, a license fee which must be in proportion to its initial paid-in capital and surplus, or to its net worth as of December 31 st of the preceding year, whichever is higher, as follows:\n(1) a Trust Company having a capitalization of less than One Hundred Thousand Dollars ($100,000.00) shall pay a license fee of Two Hundred Fifty Dollars ($250.00);\n(2) a Trust Company having a capitalization of more than One Hundred Thousand Dollars ($100,000.00), up to and including Five Hundred Thousand Dollars ($500,000.00), shall pay a license fee of Five Hundred Dollars ($500.00);\n(3) a Trust Company having a capitalization of more than Five Hundred Thousand Dollars ($500,000.00), up to and including One Million Dollars ($1,000,000.00), shall pay a license fee of Seven Hundred Fifty Dollars ($750.00); and\n(4) A Trust Company having a capitalization of more than One Million Dollars ($1,000,000.00) shall pay a license fee of One Thousand Dollars ($1,000.00).\n(d) All money collected under the provisions of this Section must be paid into the special purpose trust account as directed under § 160307.","path":["Title 11: Finance and Taxation","Division 5 - Savings and Loans Associations","Chapter 160: Guam-Based Trust Companies Act","ARTICLE 2: ORGANIZATION AND LICENSING"],"source_url":"https://col.guamcourts.gov/sites/default/files/11gc160.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:20:58Z","sha256":"0b5a85305e45a44d32305b7ae1cc22b9eda21e0321289a9989312c00173b90d3","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-160210","next":"us-gu/11-gca-160212"},"notice":"GroundRules: Original legal text. Not legal advice."}