Guam § 15103 - Purpose.
Full text of Guam Guam Code Annotated § 15103 — Purpose., with citation guidance and answers to common questions.
§ 15103. Purpose.
(a) A limited liability company may be organized under this
Chapter for any lawful purpose, except that special statutes for
the regulation and control of specific types of business shall
control when in conflict herewith.
(b) Subject to any limitations contained in the articles of
organization and to compliance with any other applicable laws, a
limited liability company may engage in any lawful business
activity, except the banking or insurance business.
Frequently Asked Questions About Guam § 15103
What does Guam Code Annotated § 15103 cover?
Section 15103 ("Purpose.") 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 § 15103?
A common citation format is "Guam Code Annotated § 15103" (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 § 15103 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.