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Terms Used In 12 Guam Code Ann. § 3118

  • 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.
) This Chapter shall become effective July 1, 1975. Within three (3) months after the enactment of this Chapter, the Governor shall make the required appointments of Board members, and an orderly transition shall be commenced to transfer the facility, Television Station KGTF, and personnel from the present organization under Executive Order No. 70-6, dated March 24, 1970, to that established by this Chapter.
(b) The Governor and the Corporation shall take all steps necessary to transfer the Federal Communications Commission license for Station KGTF from the present holder to the Corporation.
(c) All employees working exclusively in areas which will become the responsibility of the Corporation upon its establishment shall be transferred to the Corporation without loss of pay or benefits, and shall remain with the Corporation for a period of not less than six (6) months, unless the Corporation determines that removal is necessary for acts or omissions during their tenure with the Corporation.

(d) Upon assumption by the Corporation of the full duties transferred to it by the present management of Station KGTF by
this Chapter, all prior memoranda, Executive Orders and Direc- tor’s orders which are in conflict with this Chapter are hereby superseded and repealed.

SOURCE: GC § 61017.

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ARTICLE 2
GUAM FILM OFFICE

SOURCE: Added by P.L. 35-048:4 (Nov. 12, 2019).

2020 NOTE: Originally added by P.L. 31-159:1 (Jan. 4, 2012) as Article
4 of Title 12, Chapter 50 (effective 180 days after date of enactment). P.L. 35-048 (Nov. 12, 2019) repealed the article and stated that “”[a]ny property and assets of the Guam Film Office which is held by the Guam Economic Development Authority shall be transferred immediately to the Guam Educational Telecommunications Corp.””P.L. 35-048:4.