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Terms Used In 5 Guam Code Ann. § 87101

  • 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.
There is created a non-stock, non-profit public corporation to be known as the ‘Dipattamenton I Kaohao Guinahan Chamorro’ or
‘Department of Chamorro Affairs’ (‘Corporation’) with functions,
powers and responsibilities as provided in this Chapter.