Business Which may be Transacted in Guam

A foreign banking corporation which is authorized by license under § 106725 may transact in Guam the business of buying, selling, paying or collecting bills of exchange, of issuing letters of credit, of receiving money for transmission by draft, check, cable or otherwise, and of making loans. It may transact in Guam the business of accepting deposits only as provided in § 106728. SOURCE: GC § 30926. Added by P.L. 13-111:5 (Dec. 11, 1975). 2025 NOTE: References to “Territory” replaced with “Guam” pursuant to 1 GCA 420.