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Terms Used In 15 Guam Code Ann. § 2017

  • 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.
curity for the faithful performance of the personal representative’s trust, as required by Section 2011 of this Title, may in the discretion of the Superior Court of Guam be provided, in whole or in part, by the personal representative’s depositing with the Clerk of the Superior Court of Guam a cash bond or cash bonds, or an interest in account or accounts in a bank or an insured savings and loan association (as defined in Section 2015(c) of this Title), or by the posting of bearer or endorsed bonds of the United States, of any other governmental entity (subject to the approval of the Superior Court of Guam), or of a publicly held corporation (subject to the approval of the Superior Court of Guam), returnable to the personal representative upon his discharge.
SOURCE: Guam Law Revision Commission.