18 Guam Code Ann. § 8109
Terms Used In 18 Guam Code Ann. § 8109
- 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.
- Statute: A law passed by a legislature.
(a) if all shareholders of such corporation shall at any one time become disqualified persons, or
(b) if the sole shareholder shall become a disqualified person, or
(c) if such corporation shall knowingly employ or retain in its employment a disqualified person, or
(d) if such corporation shall violate any applicable rule or regulation adopted by the governmental agency regulating the profession in which such corporation is engaged, or
(e) if such corporation shall violate any statute applicable to a professional corporation, or
(f) any ground for such suspension or revocation specified in the Business License Law relating to the profession in which such corporation is engaged. In the event of such suspension or revocation of its certificate of registration such corporation shall cease forthwith to render professional
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 8 PROFESSIONAL CORPORATIONS
services.
SOURCE: CC § 458.