Unlawful Operation of Off-Shore Lending Facility

It shall be unlawful for any person to operate on Guam on Off-Shore Lending Facility, as defined in § 106604(a) of this Title, without the express written authorization of the Banking and Insurance Board issued pursuant to § 106604(b) of this Title. SOURCE: GC § 30809.1. Added by P.L. 15-011:1 (Mar. 20, 1979). P.L. 23-127:2 (Oct. 11. 1996) renumbered this section from § 106511 to § 106510. NOTE: References to the “Banking Board” changed to “Banking and Insurance Board” pursuant to P.L. 27-088:10 (May 6, 2004).