17 Guam Code Ann. § 29109
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Terms Used In 17 Guam Code Ann. § 29109
- 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 be authorized to set up a special account for depositing moneys received from either public or private contracts, or from private or public grants, awards, or gifts. All disbursements shall be drawn on the special account upon checks prepared and signed, as approved by the Executive Director of the RCUOG and at least one (1) other RCUOG officer or employee authorized by the RCUOG Board of Directors.