12 Guam Code Ann. § 6102
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Terms Used In 12 Guam Code Ann. § 6102
- 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 created the Guam Regional Transit Authority, a public corporation. The Guam Regional Transit Authority (GRTA) shall have the exclusive franchise for the furnishing of public transportation within Guam and on its roads and highways. Except for private parking facilities and parking facilities maintained and operated by the J. D. Leon Guerrero Commercial Port of Guam and the A. B. Won Pat International Airport Authority, Guam, GRTA shall have the exclusive franchise within the government of Guam to collect and administer fees for the furnishing, operation and maintenance of public parking on Guam.