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Terms Used In 12 Guam Code Ann. § 50117

  • 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 review and revise its existing standard operating procedures, and create rules and regulations (‘Rules’), for the Corporation regarding loans, tax qualifying certificates, and all other functions and operations of the Corporation in accordance with the provisions of the Administrative Adjudication Law. Such Rules shall include procedures for assisting those small business concerns participating in the A-76
Performance of Commercial Activities, as authorized in § 54103 of Title 12 of the Guam Code Annotated. The Corporation shall complete this process of revising its Rules within thirty (30) days from the enactment of this provision into law.
SOURCE: Added by P.L. 19-013:6. Amended by P.L. 24-295:9.