Guam § 12109 - hereof.
Full text of Guam Guam Code Annotated § 12109 — hereof., with citation guidance and answers to common questions.
§ 12109. hereof.
(b) To make, amend and repeal bylaws.
(c) To amend this charter as provided in § 12108.
(d) To dissolve the corporation as provided in § 12115.
(e) To do all things necessary or desirable to secure aid,
assistance, loans and other financing from any financial institutions
and from any agency established under the Small Business Investment
Act of 1958, Public Law 85-699, 85th Congress, or other similar
Federal laws now or hereafter enacted.
(f) To exercise such other of the powers of the corporation
consistent with this Chapter as may be conferred on the stockholders
and the members by the bylaws. As to all matters requiring action by
the stockholders and the members of the corporation, said stockholders
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and said members shall vote separately thereon by classes, and except
as otherwise herein provided, such matters shall require the affirmative
vote of a majority of the votes to which the stockholders present or
represented at the meeting shall be entitled and the affirmative vote of
a majority of the votes to which the members present or represented at
the meeting shall be entitled.
Each stockholder shall have one (1) vote, in person or by proxy,
for each share of capital stock held by him, and each member shall
have one (1) vote, in person or by proxy, except that any member
having a loan limit of more than one thousand ($1,000.00) dollars shall
have one (1) additional vote, in person or by proxy, for each additional
one thousand dollars ($1,000.00), which such member is authorized to
have outstanding on loans to the corporation at any one time as
determined under Paragraph (2) of subsection (c) of § 12105.
Frequently Asked Questions About Guam § 12109
What does Guam Code Annotated § 12109 cover?
Section 12109 ("hereof.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 12109?
A common citation format is "Guam Code Annotated § 12109" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 12109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.