§ 76100 Creation of the Guam Territorial Aquarium Foundation
§ 76101 Powers of GTAF
§ 76102 Board of Trustees
§ 76103 Operation of the Board

Terms Used In Guam Code > Title 12 > Chapter 76 - Guam Territorial Aquarium

  • 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.
  • Ex officio: Literally, by virtue of one's office.
  • 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
  • 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.