18 Guam Code Ann. § 2116
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 18 Guam Code Ann. § 2116
- 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 following provisions of this Part shall not apply to any FSC:
§ 2205, to the extent that directors need not be elected from among the holders of stock;
§ 2206; [and]
§ 2208, to the extent that the president need not be a director.
In addition to the above exemptions, no officer of a FSC shall be required to own any shares of the capital stock of the Corporation of which he is an officer.
SOURCE: CC § 300.1 added by P.L. 17-63:4.