11 Guam Code Ann. § 160202
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Terms Used In 11 Guam Code Ann. § 160202
- 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.
(a) Except as otherwise provided in Subsection 2, no person, partnership, firm, association, corporation or other business organization formed and doing business under the laws of Guam may:
(1) use the words >Trust Company= or any direct derivative of these words as a part of its name.
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11 Guam Code Ann. FINANCE & TAXATION
CH. 160 GUAM-BASED TRUST COMPANIES ACT
(2) advertise or use any sign with the words >Trust Company=
used as a part of its name.
(b) The provisions of Subsection (a) do not apply to a person or business organization which is supervised by the Commissioner pursuant to this Chapter.
2017 NOTE: Subsection/subitem designations added/altered pursuant to the authority of 1 Guam Code Ann. § 1606. Internal reference altered to reflect the change.