Unlawful Solicitation or Negotiation for Off-Shore Lending Facility Loans

11 GCA § 106511 — under Banks.

11 GCA § 106511

It shall be unlawful for any person who is an officer, employee or agent in Guam of any bank operating in Guam an Off-Shore Lending Facility, as defined in § 106604(a) of this Title, to actively solicit or negotiate with any person for a loan with that Off-Shore Lending Facility. SOURCE: GC § 30809.2. Added by P.L. 15-011:2 (Mar. 20, 1979). P.L. 23-127:2 (Oct. 11, 1996) renumbered this section from § 106512 to § 106511.