Authorized: Penalty. Any person who transacts business in Guam on behalf of a foreign banking corporation which is subject to the provisions of this Chapter but which is not authorized to transact business in Guam is guilty of a misdemeanor and in addition thereto shall be liable to the people of Guam in the sum of One Hundred Dollars ($100.00) per day for each day that such offense continues. SOURCE: GC § 30933. Added by P.L. 13-111:5 (Dec. 11, 1975). 2025 NOTE: References to “Territory” replaced with “Guam” pursuant to 1 GCA § 420.
SUBARTICLE C REPRESENTATION WITHOUT TRANSACTION OF BUSINESS