12 Guam Code Ann. § 72105
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Terms Used In 12 Guam Code Ann. § 72105
- 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.
The Board of Directors of the Guam Economic Development Authority shall be the administering authority of the Land Claimants Small Loan Revolving Fund, and the word ‘Board’ as used in this
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12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 72 LAND CLAIMS LOAN REVOLVING FUND
Chapter shall refer to that Board of Directors. The word Corporation as used in this Chapter shall mean the Guam Economic Development Authority. The Board shall promulgate all rules and regulations necessary for the operation of the fund in accordance with this Chapter. Interest charged on loans shall not exceed six percent (6%) per annum.
SOURCE: GC §53610.4, as added by P.L. 16-111.