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10 Guam Code Ann. § 65113

Current as of: 2023 | Check for updates | Other versions

Terms Used In 10 Guam Code Ann. § 65113

  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(1) Whenever the Federal government or any agency or officer thereof shall offer to the Territory or the Territory shall request services, equipment, supplies, materials or funds by way of gifts, grant or loan, for purposes of civil defense, the Territory, acting through the Governor, may accept such offer and upon such acceptance or upon approval of any such territorial request, the Governor may authorize any officer of the Territory to receive such services, equipment, supplies, materials or funds on behalf of the Territory and subject to the terms of the offer and the rules and regulations, if any, of the agency making the offer.

(2) Whenever any person, firm or corporation shall offer to the Territory services, equipment, supplies, materials or funds by way of gift, grant or loan, for purposes of civil defense, the Territory, acting through the Governor, may accept such offer and upon such acceptance the Governor may authorize any officer of the Territory to receive such services, equipment, supplies, materials or funds on behalf of the Territory and subject to the terms of the offer.

SOURCE: GC § 8513.

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10 Guam Code Ann. § 65113

Current as of: 2023 | Check for updates | Other versions

Terms Used In 10 Guam Code Ann. § 65113

  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(1) Whenever the Federal government or any agency or officer thereof shall offer to the Territory or the Territory shall request services, equipment, supplies, materials or funds by way of gifts, grant or loan, for purposes of civil defense, the Territory, acting through the Governor, may accept such offer and upon such acceptance or upon approval of any such territorial request, the Governor may authorize any officer of the Territory to receive such services, equipment, supplies, materials or funds on behalf of the Territory and subject to the terms of the offer and the rules and regulations, if any, of the agency making the offer.

(2) Whenever any person, firm or corporation shall offer to the Territory services, equipment, supplies, materials or funds by way of gift, grant or loan, for purposes of civil defense, the Territory, acting through the Governor, may accept such offer and upon such acceptance the Governor may authorize any officer of the Territory to receive such services, equipment, supplies, materials or funds on behalf of the Territory and subject to the terms of the offer.

SOURCE: GC § 8513.

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