Terms Used In 18 Guam Code Ann. § 6103

  • 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.
The right of eminent domain is not granted to any corporation in
Guam.

SOURCE: CC § 404a.

NOTE: This section applies only to corporations created or authorized under this Part. See 12 Guam Code Ann. for those public corporations which may exercise, or request the govern- ment to exercise, the power of eminent domain, such as the Guam Power Authority.

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18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 6 GENERAL PROVISIONS AFFECTING CORPORATIONS

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