12 Guam Code Ann. § 10102
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Terms Used In 12 Guam Code Ann. § 10102
- 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.
There is hereby established the Port Authority of Guam as a public corporation and autonomous instrumentality of the government of Guam, which shall provide for the needs of ocean commerce, shipping, recreational and commercial boating, and navigation of the territory of Guam. The Authority shall have perpetual succession unless sooner terminated by law and shall adopt a seal and sue or be sued in its own Corporate name.
SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as § 14001. Codified as 12
GCA § 10102. Amended by P.L. 17-071:3 (Oct. 2, 1984).
2014 NOTE: Subsection designation deleted to adhere to the Compiler’s general codification scheme in accordance to the authority granted by 1 Guam Code Ann. § 1606.