11 Guam Code Ann. § 106513
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Terms Used In 11 Guam Code Ann. § 106513
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
Whenever a violation of this Title by a bank or an officer, director or employee thereof is threatened or impending and will cause substantial injury to the institution or to the depositors, creditors, or stockholders thereof, the District Court of Guam shall, upon suit instituted by the Commissioner, issue an injunction restraining such violation.
SOURCE: GC § 30811. P.L. 23-127:2 renumbered this section from § 106504 to § 106513.
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ARTICLE 6
BRANCH BANKS, & INTERNATIONAL BANKING CORPORATIONS
NOTE: Retitled by P.L. 13-111:4 (Dec. 11, 1975).
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COL292017
11 Guam Code Ann. FINANCE & TAXATION
CH. 106 BANKS