22 Guam Code Ann. § 30102
Terms Used In 22 Guam Code Ann. § 30102
- Appraisal: A determination of property value.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) Director means the Director of Revenue and Taxation.
(c) Real Estate Appraisal means (noun) the act or process of developing an opinion of value; an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services.
(d) Class Room Hour is defined as fifty (50) minutes out of each sixty
(60) minute segment.
(e) Person for purposes of this Act means an individual who holds the certificate and may not be used following or immediately in connection with the name or signature of a firm, partnership, corporation, or group in such a manner that it might be interpreted as referring to a firm, partnership, corporation, group, or anyone other than an individual holder of the certificate.
SOURCE: Added by P.L. 21-28:2. Subsection (a) amended by P.L. 27-115:11. Subsection (c) amended by P.L. 27-115:12.