COL120106
11 Guam Code Ann.FINANCE & TAXATION
CH. 124 WITHDRAWALS

In the event the whole or any part of any matured withdrawal claim against an association shall remain unpaid for a period of, one year after such claim shall have matured, then, unless, such association shall have set aside funds for the payment thereof which shall remain available for such payment, the commissioner may in his discretion forthwith or at any time thereafter take possession of the property, business and assets of such association and retain such possession until its affairs be finally liquidated in the manner provided by law for the liquidation of associations by him, or until such association may be allowed to resume business upon such conditions as may be approved by the commissioner. The right of the commissioner to take possession under this section is not exclusive, but is additional to his right to take possession under each and every other provision of this act.

SOURCE: GC §41304.