Guam § 12115 - Dissolution.
Full text of Guam Guam Code Annotated § 12115 — Dissolution., with citation guidance and answers to common questions.
§ 12115. Dissolution.
The corporation may, upon the affirmative vote of two-thirds (2/3) of the
votes to which the stockholders shall be entitled and two-thirds (2/3) of the
votes to which the members shall be entitled, dissolve said corporation.
Upon any dissolution of the corporation, none of the corporation's assets
shall be distributed to the stockholders until all sums due the members of
the corporation as creditors thereof have been paid in full.
COL 03072011
18 GCA BUSINESS S TRUCTURE & FUNCTION
Frequently Asked Questions About Guam § 12115
What does Guam Code Annotated § 12115 cover?
Section 12115 ("Dissolution.") 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 § 12115?
A common citation format is "Guam Code Annotated § 12115" (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 § 12115 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.