The Legislature finding that the people of Guam are generous contributors to charitable or other nonprofit organizations but are usually unaware of the disposition made of their contributions, the purpose of this Chapter is to require all such organizations, except strictly religious ones, to file and publish annual financial statements so that the people of Guam can be made aware of the actual fiscal needs of these organizations and can thus govern themselves in their donations to such organizations accordingly.

SOURCE: CC § 651.1. This Chapter added by P.L. 9-160 (3/7/68).

CROSS-REFERENCES: See Title 3, Guam Code Annotated for the governance and specific filing requirements of political parties and organizations.