10 Guam Code Ann. § 85114
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Terms Used In 10 Guam Code Ann. § 85114
- 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 Corporation shall cease to exist twenty-four (24) months after the effective date of this Act. The Board of Trustees shall adopt a plan for selling the Corporation to a cooperative association of subscribers or to any other qualified purchasers.
SOURCE: GC § 49033.
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ARTICLE 2
TERMINATION OF GOVERNMENT SERVICE