Terms Used In 18 Guam Code Ann. § 3105

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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.
All notices to stockholders in Guam shall be written or printed and delivered personally to each stockholder, unless otherwise provided in this Part, at least ten (10) days prior to any meeting or other action to which the notice applies. Service of said notices may be proved prima facie by the affidavit of the person serving the notice.

All notices to stockholders, absent from Guam, shall be written or printed and addressed to each stockholder at his place of residence as shown by the books of the corporation and registered and deposited so addressed in the post office with postage prepaid.

Service of said notices may be proved prima facie by the registered post office receipt. Unless all stockholders are served personally with any notice, copies thereof shall be posted in three (3) public places in the place where the principal office of the corporation is located, for a period of three (3) weeks prior to any meeting or other action to which the notice applies.

SOURCE: CC § 327.

NOTE: CC § 328, Offer of stock to the public. Publication of financial statement required: penalty, was repealed by P.L. 4-103, effective November 15, 1958. For current law regarding public sale of shares, see the Securities Law, now in the Govern- ment Code and which will be placed in Title 20, Business Regulation, of this Guam Code Annotated.