18 Guam Code Ann. § 4403
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Terms Used In 18 Guam Code Ann. § 4403
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
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18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 4 CORPORATE POWERS
The purchaser or his assignee in entitled to recover any penalties imposed by law and recoverable by the corporation for an injury to the franchise or property thereof, or for any damages or other cause, occurring during the time he holds the same, and may use the name of the corporation for the purpose of any action necessary to recover the same. A recovery for damages or any penalties thus had is a bar to any subsequent action by or on behalf of the corporation for the same.
SOURCE: CC § 390.