18 Guam Code Ann. § 3102
Terms Used In 18 Guam Code Ann. § 3102
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Votes. Subscribers for stock shall pay to the corporation quarterly, on all unpaid subscriptions, interest from the date of subscription at the rate of
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18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 3 CORPORATE STOCK
six (6) percentum per annum unless otherwise provided in the bylaws. No certificate of stock shall be issued to a subscriber as fully paid up until the full par value thereof has been paid by him to the corporation. Subscribed shares not fully paid up shall not be voted, and shares which have been pledged to the corporation as security for the payment of debt shall not be voted; provided, that shares paid for by note or other evidence of indebtedness shall not be considered fully paid up.
SOURCE: CC § 324; amended by P.L. 4-88 (7/14/58).