21 Guam Code Ann. § 70120
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Terms Used In 21 Guam Code Ann. § 70120
- 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 co-partnership, joint venture or corporation shall be deemed to have violated any provision of this Chapter by acting or assuming to act as a contractor after the death or dissociation of a licensee who had the direct management of the contracting
business thereof prior to final disposition by the Contractors License Board of an application for a license made within thirty (30) days from the date of the death or dissociation.
business thereof prior to final disposition by the Contractors License Board of an application for a license made within thirty (30) days from the date of the death or dissociation.