18 Guam Code Ann. § 3203
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Terms Used In 18 Guam Code Ann. § 3203
- 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.
Notice of the order declaring unpaid subscriptions to the capital stock due and payable shall be given by the secretary or clerk of the corporation substantially in the following form:
(Here insert name of corporation in full and location of principal office.) Notice is hereby given that a meeting of the board of directors held on
the (date) unpaid subscription to the capital stock of the
corporation (or the percentage thereof declared due) were declared due and payable (insert when, to whom and where) . All stock upon which the subscription, with interest accrued, has not been paid on (date fixed for delinquency) will be delinquent and advertised for sale at public auction, and unless payment of the subscriptions, with interest and costs accrued, is made before sale of the stock, same will be sold on the (date fixed for sale) to pay the amount of the subscription and accrued interest, together with the costs of advertising and expenses of sale.
(Here insert name of corporation in full and location of principal office.) Notice is hereby given that a meeting of the board of directors held on
the (date) unpaid subscription to the capital stock of the
corporation (or the percentage thereof declared due) were declared due and payable (insert when, to whom and where) . All stock upon which the subscription, with interest accrued, has not been paid on (date fixed for delinquency) will be delinquent and advertised for sale at public auction, and unless payment of the subscriptions, with interest and costs accrued, is made before sale of the stock, same will be sold on the (date fixed for sale) to pay the amount of the subscription and accrued interest, together with the costs of advertising and expenses of sale.
____________________________
[secretary or clerk]
____________________________
[location of office]
SOURCE: CC § 333.