Terms Used In 18 Guam Code Ann. § 3401

  • 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.
(a) If proposed corporate action creating dissenters’ rights under § 3302 is submitted to a vote at a stockholders’ meeting, the meeting notice must state that stockholders are or may be entitled to assert dissenters’ rights under Articles 3 and 4 of this Chapter and be accompanied by a copy of §§ 3301 through 3502 of this Chapter.

(b) If corporate action creating dissenters’ rights under § 3302 is taken without a vote of the stockholders, the corporation shall notify in writing all stockholders entitled to assert dissenters’ rights that the action was taken and send them the dissenters’ rights notice described in §3403 of this Article.