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Terms Used In 18 Guam Code Ann. § 281704

  • 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.
A professional corporation may be organized after the effective date of this Act and governed by this Act and as provided by 18 Guam Code Ann. Division I, Part I, Chapter 8, of the General Corporation Law of Guam except that all references therein to the General Corporation Law of Guam shall be deemed to be references to this Act.