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Terms Used In 21 Guam Code Ann. § 17112

  • 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.
No payment received by a displaced person under this Chapter shall be considered as income or resources for the purpose of determining the eligibility or extent of eligibility of any person for assistance under any territorial law or for the purposes of the territory’s corporation tax law or other tax law. These payments shall not be considered as income or resources of any recipient of public assistance and the payments shall not be deducted from the amount of aid to which the recipient would otherwise be entitled.
SOURCE: GC § 13979.11 enacted by P.L. 11-160.
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