The order of the board of directors declaring payable any unpaid subscriptions to the capital stock shall state what percentage of the unpaid subscription is due and payable when, where, and to whom payable, the date of delinquency, which must be subsequent to the full term of publica- tion of the notice of call for unpaid subscriptions and not less than thirty (30) days nor more than sixty (60) days from the date of the order of the board calling for the payment of unpaid subscriptions, and the date on which the delinquent stock will be sold, which must not be less than fifteen (15) days nor more than sixty (60) days from the date the stock becomes delinquent.

SOURCE: CC § 332.

COL021307
18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 3 CORPORATE STOCK