Terms Used In 18 Guam Code Ann. § 8111

  • 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 professional corporation shall be subject to the applicable rules and regulations adopted by, and all the disciplinary powers of, the governmental agency regulating the profession in which such corporation is engaged. Nothing in this Chapter shall affect or impair the disciplinary powers of any such agency over licensed persons or any law, rule of regulation pertaining to the standards for professional conduct.

SOURCE: CC § 460.

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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 8 PROFESSIONAL CORPORATIONS

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