Guam § 3104 - Nonresident. Transferred Generally.

§ 3104. Nonresident. Transferred Generally.

When the shares of stock in a corporation are owned by parties

residing out of Guam, the president, secretary, or directors of the corpo-

ration, before entering any transfer of the shares on its books, or issuing a

certificate therefor to the transferee, may require from the attorney or agent

of the nonresident owner, or from the person claiming under the transfer, an

affidavit or other evidence that the nonresident owner was alive at the date

of the transfer, and if such affidavit or other satisfactory evidence be not

furnished, may require from the attorney, agent, or claimant, a bond of

indemnity, with two (2) sureties, satisfactory to the officer of the

corporation; or, if not so satisfactory, then one approved by a judge of the

Superior Court, conditioned to protect the corporation against any liability

to the legal representative of the owner of the shares in case of his or her

death before the transfer; and if such affidavit or other evidence or bond be

not furnished when required as herein provided, neither the corporation nor

any officer thereof shall be liable for refusing to enter the transfer on the

books of the corporation.

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