Terms Used In 12 Guam Code Ann. § 12202

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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) ‘Carrier of last resort’= means that telecommunications company who is the sole provider of a telecommunications service or who has been designated by the Commission as a carrier of last resort.

(b) ‘Commercial mobile service’ shall have the meaning set forth in 47 U.S.C. § 332(d).

(c) ‘Commission’ means the Guam Public Utilities
Commission.

TELECOMMUNICATIONS ACT OF 2004

(d) ‘Just and reasonable’, as applied to telecommunications companies, shall be interpreted to be consistent with generally accepted regulatory practices in other United States jurisdictions.

(e) ‘New GTA’ or ‘NGTA’ means the entity purchasing the assets and business of Guam Telephone Authority pursuant to duly enacted legislation and such entity==s successors in interest.

(f) ‘Person’ means any person, firm, partnership, corporation, association, public corporation, governmental entity, or other legal entity.

(g) ‘Telecommunications’ shall have the meaning set forth in 47 U.S.C. § 153 (43).

(h) ‘Telecommunications company’ means any person providing or reselling telecommunications services, but only with respect to the person==s provision of telecommunications services.

(i) ‘Telecommunications service’ means the offering of telecommunications, between originating and terminating points in Guam, for a fee directly to the general public, or to such classes of users as to be effectively available directly to the public, regardless of the facilities used.

SOURCE: Added by P.L. 27-110:10 (Nov. 1, 2004).