18 Guam Code Ann. § 2214
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Terms Used In 18 Guam Code Ann. § 2214
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Any officer of a corporation who willfully gives a certificate or willfully makes an official report, public notice, or entry in any of the records or books of the corporation, concerning the corporation or its busi-
COL070307
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 2 FORMATION OF CORPORATIONS
ness, which is false in any material representation shall be liable for all the damages resulting therefrom to any person injured thereby, and if two (2) or more officers unite or participate in the commission of any of the acts herein designated, they shall be jointly and severally liable.
SOURCE: CC § 316.