12 Guam Code Ann. § 50101
Terms Used In 12 Guam Code Ann. § 50101
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(b) Any reference in any law to the Guam Economic Development and Commerce Authority (“”GEDCA””) shall mean and be read as the Guam Economic Development Authority, and all references therein to the Administrator of GEDCA shall mean and be read as the Administrator of the Authority.
(c) All references in any contract, Executive Order, rule, regulation or document to GEDCA, or the Administrator of GEDCA shall mean and be read as the Authority and the Administrator of the Authority, respectively.
SOURCE: GC § 53550. Repealed and reenacted by P.L. 26-076:34 (Mar.
12, 2002), and P.L. 29-113:VI:80 (Sept. 30, 2008).
2015 NOTE: As part of the government’s efforts to consolidate its departments and agencies, P.L. 26-076:31(c) stated the following uncodified law:
(c) Abolition of Department of Commerce. The Guam Economic Development and Commerce Authority (“”Authority””) succeeds to, and is vested with, all the powers, duties, responsibilities and jurisdiction of the former Department of Commerce (“”DOC””).