Guam Code > Title 10 > Chapter 54 – Environmental Pollution Control Chapter 54a: Guam Oil Spill Responders Act
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Terms Used In Guam Code > Title 10 > Chapter 54 - Environmental Pollution Control Chapter 54a: Guam Oil Spill Responders Act
- 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.