21 Guam Code Ann. § 35105
Terms Used In 21 Guam Code Ann. § 35105
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- 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.
- Trustee: A person or institution holding and administering property in trust.
(a) that the person acknowledging appeared before the person taking the acknowledgment,
(b) that he acknowledged he executed the instrument, (c) that, in the case of:
(1) a natural person, he executed the instrument for the purposes therein stated;
(2) a corporation, the officer or agent acknowledged he held the position or title set forth in the instrument and certificate, he signed the instrument on behalf of the corporation by proper authority, and the instrument was the act of the corporation for the purposes therein stated;
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21 Guam Code Ann. REAL PROPERTY
CH. 35 UNIFORM RECOGNITION OF ACKNOWLEDGEMENTS ACT
(3) a partnership, the partner or agent acknowledged he signed the instrument on behalf of the partnership by proper authority and he executed the instrument as the act of the partnership for the purposes therein stated:
(4) a person acknowledging as principal by an attorney in fact, he executed the instrument by proper authority as the act of the principal for the purposes therein stated;
(5) a person acknowledging as a public office trustee, administrator, guardian, or other representative, he signed the instrument by proper authority and he executed the instrument in the capacity and for the purposes therein stated; and
(d) that the person taking the acknowledgment either knew or had satisfactory evidence that the person acknowledging was the person named in the instrument or certificate.
SOURCE: CC ‘1212 enacted by P.L. 10-184.