§ 85101 Definitions
§ 85102 Establishment
§ 85103 Duties
§ 85104 Powers
§ 85105 Board of Trustees
§ 85106 Same
§ 85107 Director
§ 85108 Personnel
§ 85109 Fiscal Authority Accounting, Expenditures
§ 85110 Managing Firm Prohibited
§ 85111 Exemption from Taxation
§ 85112 Contracts and Purchases
§ 85113 Transfers
§ 85114 Termination
§ 85201 Definitions
§ 85202 Notice
§ 85203 Notice: When Due
§ 85204 Notice: Agencies\’ Responsibility

Terms Used In Guam Code > Title 10 > Chapter 85 - Guam Memorial Health Plan

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bequest: Property gifted by will.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.