21 Guam Code Ann. § 104105
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Terms Used In 21 Guam Code Ann. § 104105
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Anyone who directly performs any of the acts within the scope of this Division with reference to his own property or, in the case of a corporation which, through its regular officers receiving no special compensation therefor, performs any of the acts with reference to the corporation’s own property. The exemption granted hereunder shall not however, extend to any person, natural or legal, who is engaged in the buying, selling, leasing or development of real property of its own. Such a person shall be subject to all applicable provisions of this Division.
SOURCE: GC § 58134; repealed by P.L. 13-162:1. Similar provisions of former section contained in § 104102. However, this § 104105 section was enacted as an amendment to GC § 58134 by P.L. 13-191:3 after the repeal of the original Section.