3 Guam Code Ann. § 17113
Terms Used In 3 Guam Code Ann. § 17113
- 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.
(b) It is unlawful for any bank or labor organization, whether or not authorized to do business on Guam, to make a contribution or expenditure in connection with any election to any political office, or in any primary election. A corporation, whether or not authorized to do business on Guam, may purchase no more than Five Hundred Dollars ($500.00) worth of tickets for each fundraising dinner or function for any political party or candidate, but not to exceed the aggregate contributions allowed under Subsection (a) of this Section. Such corporate contributions shall be reported to the Election
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3 Guam Code Ann. ELECTIONS
CH. 17 ELECTION CAMPAIGN CONTRIBUTIONS & EXPENDITURES
Commission regardless of amount. Every bank, corporation, or labor organization which makes any contribution in violation of this Section shall be fined not more than Five Thousand Dollars ($5,000.00), and every officer or director of any bank, corporation, or labor organization as the case may be, and any person who accepts or receives any contribution in violation of this Section, shall be fined not more than One Thousand Dollars ($l,000.00) or imprisoned no more than one (1) year, or both.
SOURCE: Added by P.L. 18-030:54 (Feb. 19, 1986) as 3 Guam Code Ann. § 19111. Repealed and reenacted to this section by P.L. 31-255:2 (Dec. 11, 2012).