11 Guam Code Ann. § 6301
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Terms Used In 11 Guam Code Ann. § 6301
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
(a) Except in the case of a vending machine retail license, the Director shall not issue a license to any person who then holds a license of another class.
(b) No wholesaler within or outside of Guam, nor any officer, thereof, nor any subsidiary, affiliate or other entity inwhich a wholesaler holds any ownership or interest, directly or indirectly by stock ownership, interlocking directors, trusteeship, loan, mortgage or lien on any real or personal property, shall hold any tobacco license other than a wholesaler’s license in Guam.
SOURCE: Added by P.L. 28-170:1 (Jan. 29, 2007) as § 6300. Renumbered to adhere to the Compiler’s general codification scheme pursuant to 1 Guam Code Ann. § 1606.