12 Guam Code Ann. § 11107
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Terms Used In 12 Guam Code Ann. § 11107
- 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.
- Quorum: The number of legislators that must be present to do business.
(a) All powers vested in the Corporation, except as otherwise provided in this Chapter, shall be exercised by the Board. The Board shall consist of five (5) Trustees: the Chief Justice of the Supreme Court of Guam, who shall be Chairman; the Presiding Judge of the Superior Court of Guam who shall be Vice-Chairman; the President of the Guam Bar Association; and two (2) members appointed by the Chief Justice of the Supreme Court of Guam, whose terms shall be for three (3) years. Neither person appointed by the Chief Justice shall be the Attorney General, or a member of his staff. The Trustees shall not be employees of the Corporation.
(b) Three (3) Trustees shall constitute a quorum of the Board for the transaction of all business. Subject to the provi- sions of the Administrative Adjudication Act, the Board may adopt rules and regulations governing the conduct of its affairs.
SOURCE: § 60006 GC, as enacted by P.L. 13-051. Subsection (a)
amended by P.L. 27-104:3.