11 Guam Code Ann. § 160502
Current as of: 2023 | Check for updates
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Attorney's Note
Under the Guam Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| misdemeanor | up to 1 year | up to $1,000 |
Every officer, employer, director or agent of a Trust Company who knowingly or willfully neglects to perform any duty required by this Chapter or other applicable law, or who knowingly or willfully fails to conform to any material lawful requirement made by the Commissioner, is subject to removal upon order of the Commissioner, and upon
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11 Guam Code Ann. FINANCE & TAXATION
CH. 160 GUAM-BASED TRUST COMPANIES ACT
conviction shall be punished by either imprisonment of not less than one (1) year, and not to exceed six (6) years, or by a fine of not more than Five Thousand Dollars ($5,000.00), or by both fine and imprisonment.
§ 160503. Violation of This Chapter Shall Constitute a
Misdemeanor, Unless Otherwise Specified.
Where no other punishment is otherwise provided by law, any person violating any provision of this Chapter is guilty of a misdemeanor.
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