Any number of persons not less than five who have established or who may desire to establish a college, school, or other institution of learning may incorporate themselves by filing with the Director of Revenue & Taxation articles of incorporation setting forth the following facts:

(a) The name of the corporation;

(b) The purpose for which it is organized;

(c) The place where the college, school, or institution of learning is to be conducted;

(d) The qualifications of trustees and the number of trustees, which shall not be less than five nor more than fifteen (15): Provided, however, that the number of trustees shall be some multiple of five;

(e) The term for which the trustees shall serve and the names and residences of the trustees elected for the first term;

(f) The amount of money and description of the property to be devoted to the maintenance and support of the college, school, or other institution of learning.

SOURCE: CC § 600. All SOURCE references in this Chapter are to the enactment as found in the Codes of Guam, 1970, ed. unless otherwise stated.