21 Guam Code Ann. § 70100
Terms Used In 21 Guam Code Ann. § 70100
- 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.
(a) Board means the Contractors License Board.(b) Contractor means any person who undertakes to construct, alter, repair, add to, subtract from, improve, move, wreck or demolish any building, highway, road, railroad, excavation or other structure, project development or improvement or do any part thereof, including the erection of scaffolding or other structure of works in connection therewith for another person for a fee.
(c) Contractor includes a subcontractor and a specialty contractor.
(d) Person means an individual, partnership, joint venture, corporation or any combination thereof. Corporation includes an association, business trust or any organized group of persons.
(e) Self-construction means a project or operation performed by the owner for personal needs on personal premises; a self-constructed/performed project or operation shall otherwise be deemed performed by a contractor.
(f) Investigator means an employee with the Contractors License Board who conducts thorough investigations of applicants applying for a contractor’s license and who inspects, regulates, and enforces the laws, rules and regulations of the Licensing Board for Contractors.
(g) Responsible Management Employee means the individual responsible for the direct management of the contracting business of the licensee.