18 Guam Code Ann. § 3405
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Terms Used In 18 Guam Code Ann. § 3405
- 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.
(a) The corporation may restrict the transfer of un certificated shares from the date the demand for their payment is received until the proposed corporate action is taken or the restrictions released under § 3407 of this Article.
(b) The person for whom dissenters’ rights are asserted as to uncertificated shares retains all other rights of a stockholder until these rights are canceled or modified by the taking of the proposed corporate action.