No out-of-state bank shall transact business in Guam. This Section shall not be deemed to prohibit: (a) Any out-of-state bank from making loans secured by liens on real property located in Guam; (b) Any out-of-state bank from being a resulting bank in an interstate merger transaction conducted pursuant to Article 3.5 of this Chapter; (c) Any out-of-state bank from operating a branch within Guam to the extent permitted pursuant to Article 3.5 of this Chapter and by § 106601; or (d) Any out-of-state bank doing business within Guam on the effective date of this Act from operating its branches within Guam in existence of the effective date of this Act. SOURCE: GC § 30500.1. Repealed and reenacted by P.L. 18-049:9 (Dec. 30, 1986) and P.L. 24-035:3 (May 29, 1997). 2025 NOTE: Reference to “territory” in subsection (c) replaced with “Guam” and “the territory of” in subsection (d) omitted pursuant to 1 GCA § 420.