18 Guam Code Ann. § 28804
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Terms Used In 18 Guam Code Ann. § 28804
- 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.
If the articles of incorporation authorize dividing the shares into classes, the articles may also authorize the election of all or a specified number of directors by the holders of one or more authorized classes of shares. A class
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
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(or classes) of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors.