18 Guam Code Ann. § 28718
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Terms Used In 18 Guam Code Ann. § 28718
- 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.
(a) Two or more shareholders may provide for the manner in which they will vote their shares by signing an agreement for that purpose. A voting agreement created under this section is not subject to the provisions of § 28717.
(b) A voting agreement created under this section is specifically enforceable.
(c) No agreement made pursuant to subsection(a) shall be held to be invalid or unenforceable on the ground that it is a voting trust or a shareholder agreement that does not comply with § 28717 or § 28719, or that it is a proxy that does not comply with § 28710. Neither this section nor sections 28717 or 28719 shall invalidate any voting or other agreement among shareholders or any irrevocable proxy complying with § 28710, which agreement or proxy is not otherwise illegal.
COL372014
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 28 GUAM BUSINESS CORPORATION ACT