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Terms Used In 1 Guam Code Ann. § 2004

  • 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.
It is the policy of the government of Guam that land returned by the federal government to Guam be returned to the estates that held such property prior to the condemnations of said lands by the Federal Government. Exceptions to this policy shall be:

(a) Lands clearly under existing public use. In such circum- stances, the government of Guam shall make good faith efforts to

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1 Guam Code Ann. GENERAL PROVISIONS
CH. 20 GUAM LAND REPARATION COMMISSION

derive a means of compensation for continued public use of such lands.
(b) Lands that were Spanish Crown Lands, or otherwise passed directly into the possession of the government of the United States with the Treaty of Paris at the end of the Spanish-American War.

(c) Lands condemned by the government of the United States, or otherwise acquired, prior to July 21, 1944.

(d) Land for which said original landholder against whom condemnation was exercised was not an individual or family, but rather an organization, be it fraternal or either a profit-making or non- profit corporation, or otherwise.