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Terms Used In 18 Guam Code Ann. § 8106

  • 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.
bject to the provisions of ‘13404, a professional corporation may lawfully render professional services, but only through employees who are licensed persons. The corporation may employ persons not so licensed, but such persons shall not render any professional services rendered or to be rendered by said corporation.

SOURCE: CC § 455.

NOTE: A mistake exists in the original enactment of this Chapter. No code is identified as being the place where “§ 13404” is to be found. It could only be found in the former Government Code, as no other code has its numerical sequence going that high. However, this section in the Government Code established the Agat-Sumay Memorial Park, and land for recreational purposes (two laws were passed, each with
the same section number). There is no relation between ‘13404 and the topic of this
section and the Compiler is at a loss to know what was intended by this reference.