18 Guam Code Ann. § 7101
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Terms Used In 18 Guam Code Ann. § 7101
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
As used in this Chapter, unless the context otherwise requires:
(a) Department shall mean the Department of Revenue and Taxation.
COL070307
18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 7 FOREIGN CORPORATIONS
(b) Director shall mean the Director of the Department of Revenue and
Taxation.
(c) Person shall mean any individual, firm, partnership, association, corporation, company, syndicate, estate, trust, limited liability company, limited partnership, limited liability partnership, business trust or organization of any kind, or any branch or division thereof.