12 Guam Code Ann. § 50111
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Terms Used In 12 Guam Code Ann. § 50111
- 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.
e Corporation shall submit to the Governor of Guam and the Guam Legislature a detailed annual report of activities and an audited annual financial report. For this purpose, it shall contract for independent auditing services. It shall also submit to the Governor of Guam and the Guam Legislature such other special reports as they may require from time to time. The Corporation’s books shall likewise be subject to annual legislature audit as prescribed by law.
SOURCE: GC § 53560.