11 Guam Code Ann. § 3406
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Terms Used In 11 Guam Code Ann. § 3406
- 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.
A corporation shall not distribute, directly or indirectly, any alcoholic beverages to its stockholders by dividend, either by distribution in kind or the granting of purchase premiums.