10 Guam Code Ann. § 69101
Terms Used In 10 Guam Code Ann. § 69101
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) Vessel means every description of watercraft, other than a seaplane on the water, used or capable of being used as a means of transportation on water.
(2) Motorboat means any vessel not more than sixty-five (65) feet in length propelled by machinery whether or not such machinery is the principal source of propulsion.
(3) Owner is a person having all the incidents of ownership, including the legal title of a vessel or a person holding equitable title to the vessel as the purchaser under a conditional sale contract or as the mortgagor of a vessel.
(4) Waters of this Territory means any waters within the territorial limits of Guam, and the marginal sea adjacent to Guam and the high seas when navigated as a part of a journey to or from the shore of Guam.
(5) Person means an individual, partnership, firm, corporation, association or other legal entity.
(6) Operate means to navigate or otherwise use a vessel.
(7) Operator means the person who operates or has charge of the navigation or use of a vessel.
10 Guam Code Ann. HEALTH AND SAFETY
CH. 69 BOATING
(8) Undocumented vessel means a vessel which is not required to have and does not have a valid marine document issued by the United States Coast Guard or Federal agency successor thereto.
(9) Reportable boating accident means an accident, collision, or other casualty involving a vessel subject to this Act which results in loss of life, injury sufficient to require first aid or medical attention, or actual physical damage to property including vessels in excess of One Hundred Dollars ($100).
(10) Boat livery means a business which holds any vessel for renting, leasing or chartering.
(11) Omitted.
(12) Legal owner is a person holding the legal title to a vessel under a conditional sale contract or as the mortgagee of a vessel.
SOURCE: GC § 8995.2, as amended by P.L. 15-54.