Terms Used In 12 Guam Code Ann. § 11113

  • 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) There is hereby established a fund to be known as the
“Public Defender Service Corporation Fund,” which shall be
maintained by the General Administrative Services of the Judicial Branch separate and apart from other funds of the Government, and independent records and accounts shall be maintained in connection therewith. Every quarter the financial statement of the Fund shall be furnished the Guam Legislature.

(b) All moneys received by the Corporation, from whatever source derived, shall be deposited in said Public Defender Service Corporation Fund in eligible banks as defined in § 6311 of the Government Code.

(c) All expenditures shall be made from said Public
Defender Service Corporation Fund.

(d) The Board shall adopt and maintain a uniform system of accounting.

SOURCE: § 60012 GC, as enacted by P.L. 13-051.