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Terms Used In 11 Guam Code Ann. § 133109

  • 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.
twithstanding any provision of law including §§113108 and
133103 of this Code). a savings and loan association whose accounts are
insured by the Federal Savings and Loan Insurance Corporation (FSLIC) shall be deemed to meet all net worth, reserve or capital requirements for all purposes of this Act if the association is in compliance with the regulatory net worth, reserve or capital requirements established by the FSLIC for associations whose accounts are insured by the FSLIC. An association whose accounts are insured by the FSLIC may include as net worth, reserves or capital all items that the FSLIC permits FSLIC insured associations to include as net worth, reserves or capital for purposes of meeting any net worth, reserve or capital requirements established by the FSLIC.

SOURCE: GC §41508.

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