Terms Used In 10 Guam Code Ann. § 7102

  • 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.
  • 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.
As used in this Chapter, unless the context requires a different meaning:
(a) Nursing home means an institution, private home, other place or part or unit thereof, however named, whether for profit or not, including facilities operated by the government of Guam, which is advertised, offered, maintained or operated for the express or implied purpose of providing accommodations, nursing and/or related health care for two or more individuals not related to the owner or administrator by blood or marriage within the third degree of consanguinity, which accommodations and care for a period of twenty-four (24) or more consecutive hours, but shall not include any place providing care and treatment primarily for the acutely ill;

(b) Administrator of a nursing home means the individual in general administrative charge of the nursing home; and

(c) Person means any individual, corporation, partnership, association, territory or agency of the Territory or any other entity.

SOURCE: GC § 9955.1.