22 Guam Code Ann. § 55107
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Terms Used In 22 Guam Code Ann. § 55107
- 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.
The endowment care funds shall be invested, reinvested and kept invested in:
(a) Bonds of the United States or of the government of Guam or any agency thereof;
(b) First mortgages on improved real estate;
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22 Guam Code Ann. BUSINESS REGULATIONS
CH. 55 CEMETERY FUND CONTROL
(c) To the extent to which shares or investment certificates are insured by the Federal Savings and Loan Insurance Corporation, in shares or investment certificates of any savings and loan association organized under the laws of Guam which is an “insured institution” as defined in Title IV of the National Housing Act;
(d) Deposit in a bank which is insured by the Federal Deposit
Insurance Corporation.
SOURCE: GC § 49306.