(a) The violation of any of the provisions of this Chapter by the officers or directors of any Trust Company authorized to do business under the provisions of this Chapter is sufficient cause for the Commissioner to close the Trust Company, liquidate its business and revoke its license.

(b) If any officer or director of a Trust Company refuses to allow the Commissioner or the Commissioner=s deputies to inspect all books, records, papers and effects of its business, the Commissioner may revoke its license and proceed to terminate its affairs.

(c) Unlawful concealment of transactions.

(d) Improper maintenance of accounts, false or deceptive entries and statements.

2017 NOTE: Subsection designations altered pursuant to the authority of 1 Guam Code Ann. § 1606.