Terms Used In 16 Guam Code Ann. § 11103

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Every individual, partnership, company, corporation, or other business association in whose name a taxicab is registered shall prominently display on both sides of the exterior of such taxicab the word “taxi” and the name under which it is registered. In the event that more than one taxicab is registered in the name of any one individual, partnership, corporation, company or other business association, such taxicabs shall be serially numbered and the applicable serial number similarly displayed on both sides of the exterior of each such taxicab in such size and manner as the Director of Department of Revenue and Taxation by uniform regulations shall prescribe.

SOURCE: GC § 23502, enacted by P.L. 1-88.