10 Guam Code Ann. § 65113
Terms Used In 10 Guam Code Ann. § 65113
- 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.
(2) Whenever any person, firm or corporation shall offer to the Territory services, equipment, supplies, materials or funds by way of gift, grant or loan, for purposes of civil defense, the Territory, acting through the Governor, may accept such offer and upon such acceptance the Governor may authorize any officer of the Territory to receive such services, equipment, supplies, materials or funds on behalf of the Territory and subject to the terms of the offer.
SOURCE: GC § 8513.
10 Guam Code Ann. § 65113
Terms Used In 10 Guam Code Ann. § 65113
- 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.
(2) Whenever any person, firm or corporation shall offer to the Territory services, equipment, supplies, materials or funds by way of gift, grant or loan, for purposes of civil defense, the Territory, acting through the Governor, may accept such offer and upon such acceptance the Governor may authorize any officer of the Territory to receive such services, equipment, supplies, materials or funds on behalf of the Territory and subject to the terms of the offer.
SOURCE: GC § 8513.