12 Guam Code Ann. § 58115
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Terms Used In 12 Guam Code Ann. § 58115
- 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.
No employee or board member of the Authority or their spouses and no corporation or any other legal entity in which any employee, board member or counsel of the Authority, or their spouses has any financial interest is eligible to apply for a Qualifying Certificate. Neither shall any of the following, during their term of office and for a period of one (1) year after their resignation, termination, or completion of their term of office, directly or indirectly, qualify for a Qualifying Certificate:
(a) Members of the Legislature and their spouses;
(b) Full-time employees of the executive branch of the government of Guam, and their spouses, from the level of first assistant to the agency director or chief executive and up;
(c) The Governor of Guam, the Lieutenant Governor and their spouses;
(d) Employees of the Governor’s Office and their
spouses;
(e) Judges of the various courts of Guam and their spouses.
Any Qualifying Certificate issued in violation of this Section shall be void ab initio.