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Terms Used In 7 Guam Code Ann. § 9201

  • 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.
(a) The Guam Law Library, is hereby chartered.

(b) The Guam Law Library, as a nonprofit educational corporation, shall be exempt from taxes and licensing requirements under the laws of Guam.

SOURCE: GC § 28500; enacted by P.L. 14- 155. This entire Article was first enacted by P.L. 14-155. All source references in this Article will refer to P.L. 14-155, unless the section has been amended.

COMMENT: The reason for placing this law here is that the Legislature placed this as Chapter III of Title XXIX of the Government Code. Chapters I and II are Articles 1 and 2 of this Chapter, hence this Article is in the same relative place as intended by the Legislature. This Article was neither repealed nor amended by P.L. 21-147, creating the Supreme Court of Guam.

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7 Guam Code Ann. CIVIL PROCEDURE
CH. 9 ATTORNEYS