17 Guam Code Ann. § 13103
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Terms Used In 17 Guam Code Ann. § 13103
- 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 Superintendent is hereby authorized to establish a public, not-for- profit corporation that shall be separate and apart from the government of Guam and the Department of Education for the purposes of being able to accept private gifts, donations, endowments, services in-kind, grants and other money which may be offered in support of the Department of Education. All such private gifts, donations, endowments, services in-kind, grants and other money shall be in accordance with the laws of Guam and subject to reasonable conditions.