11 Guam Code Ann. § 106726
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Terms Used In 11 Guam Code Ann. § 106726
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
If the Commissioner finds that any foreign banking corporation to which he has issued a license pursuant to § 106727 has violated any law or has conducted its affairs in an unauthorized manner, or is in an unsound or unsafe condition, or cannot with safety and expediency continue business, the Commissioner, may recommend that the Board
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suspend or revoke the license of such foreign banking corporation. The Board may then suspend or revoke such license, and shall notify the corporation of such suspension or revocation.
SOURCE: GC § 30925. Added by P.L. 13-111:5.