Terms Used In 18 Guam Code Ann. § 28720

  • 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.
In this subarticle:

(a) Derivative proceeding means a civil suit in the right of a domestic corporation.

(b) Shareholder includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner’s behalf.