As used in this Article, unless the context requires otherwise: (a) “Bank” means a territorial or national bank. The singular bank includes the plural banks as the context warrants. (b) “Continuing bank” means a merging bank the charter of which becomes the charter of the resulting bank.
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(c) “Converting bank” means a bank converting from a territorial to a national bank, or the reverse. (d) “Merger” includes consolidation. (e) “Merging bank” means a party to a merger. (f) “National bank” means a bank with a charter granted under the National Bank Act by the Office of the Comptroller of the Currency with its main office in Guam. (g) “Resulting bank” means the bank resulting from a merger or conversion. (h) “Territorial bank” means a bank or trust company chartered by Guam. (i) “Bank holding company” has the meaning set forth in §100102 of this Title. (j) “Guam bank holding company” means a bank holding company whose home state, as defined in § 106351, is Guam. (k) “Out-of-state bank holding company” means a bank holding company whose state, as defined in Section 2(o)(4) of the Bank Holding Company Act of 1956, as amended, is not Guam. (l) “Guam bank” has the meaning set forth in § 106351 of this Chapter. SOURCE: GC § 30600. P.L. 24-035:6 (May 29, 1997) amended the introductory paragraph and subsection (6), and added subsections (9-12). 2025 NOTE: Reference to “this territory” in subsection (h) replaced with “Guam” pursuant to 1 GCA § 420. NOTE: Pursuant the authority granted by 1 GCA § 1606, numbers and/or letters were altered to adhere to the Compiler’s alpha-numeric scheme.