Terms Used In 12 Guam Code Ann. § 80101

  • 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 Corporation shall promote and enhance the development of commuter air service and the development of incidental and related
facilities for the development of Guam=s commuter air service
infrastructure. Commuter Air Service for the purposes of this Act is
defined as any locally chartered airline operating out of the Commuter
Air Terminal servicing any part of Micronesia.