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Terms Used In 18 Guam Code Ann. § 15115

  • Fiduciary: A trustee, executor, or administrator.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
ect; 15115 (A). Business and Affairs of Company Managed by
Members.
§ 15115 (B). Management by Non-Members.
§ 15115 (C). Management Vested in Manager Pursuant to Articles of Organization: Election; Removal; Resignation.
§ 15115 (D). Fiduciary Duties of Manager.
§ 15115 (E). Appointment of Officers; Authority of Signing
Officers in Documents.
§ 15115 (F). Indemnification of Manager, Member, Officer, and Others; Purchase of Insurance.
§ 15115 (G). More than One Manager; Decisions by Majority
Vote.
§ 15115 (H). Member as Agent of Company Unless Otherwise
Provided; Manager as Agent.
§ 15115 (I). Personal Liability of Manager or Officer.
§ 15115 (J). Office to Maintain Records; Agent for Service of
Process.
§ 15115 (K). Records and Documents Required to be Kept.