12 Guam Code Ann. § 4101
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Terms Used In 12 Guam Code Ann. § 4101
- 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.
In order to promote the general welfare of the inhabitants of the Territory of Guam through the improvement of housing standards, housing supply and housing affordability in Guam, there is created a body corporate to be known as the Guam Housing Corporation, hereinafter referred to as the “”Housing Corporation.”” The Housing Corporation shall be deemed to be exercising essential government functions and shall be subject to the general direction of the Governor of Guam
SOURCE: GC § 20000. Amended by P.L. 24-81:2.