17 Guam Code Ann. § 17132
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Terms Used In 17 Guam Code Ann. § 17132
- 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.
Title to all property acquired by or for the Board and the revenues and income therefrom is in the University. The title to any moneys, revenues, sinking funds, reserve funds and other funds created by this Chapter, and the income thereof, pledged to the payment of the principal or interest of any bonds issued thereunder, is subject to trusts declared in favor of the
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17 Guam Code Ann. EDUCATION
CH. 17 THE UNIVERSITY OF GUAM REVENUE BOND ACT OF 1966
bondholders. All such property, and in the income therefrom, are exempt from all taxation by the government of Guam or by any political subdivision or public corporation thereof.
SOURCE: GC § 11850.31. Amended by P.L. 24-275:13.