3 Guam Code Ann. § 16217
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Terms Used In 3 Guam Code Ann. § 16217
- 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.
Financial disclosure reports shall list all individual shareholders or members of any organization, partnership, corporation, committee, or business which receives funds or makes expenditures in an effort to directly support or put forward any initiative.
SOURCE: Added by P.L. 31-283:2 (Dec. 31, 2012).