Guam § 3402 - Notice of Intent to Demand Payment.
Full text of Guam Guam Code Annotated § 3402 — Notice of Intent to Demand Payment., with citation guidance and answers to common questions.
§ 3402. Notice of Intent to Demand Payment.
(a) If proposed corporate action creating dissenters' rights under § 3302
of this Chapter is submitted to a vote at a stockholders' meeting, a
stockholder who wishes to assert dissenters' rights:
(l) Must deliver to the corporation before the vote is taken written
notice of his intent to demand payment for his shares if the proposed
action is effectuated; and
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(2) Must not vote his shares in favor of the proposed action.
(b) A stockholder who does not satisfy the requirements of Subsection
(a) of this Section is not entitled to payment for his shares under Articles 3
and 4 of this Chapter.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 3402
What does Guam Code Annotated § 3402 cover?
Section 3402 ("Notice of Intent to Demand Payment.") 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 § 3402?
A common citation format is "Guam Code Annotated § 3402" (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 § 3402 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.