Guam § 4201 - Records Generally.

§ 4201. Records Generally.

All business corporations shall keep and carefully preserve a record of

all business transactions, and a minutes [sic] of all meetings of directors,

members, or stockholders, in which shall be set forth in detail the time and

place of holding the meeting, how authorized, the notice given, whether the

meeting was regular or special, if special its object, those present and

absent, and every act done or ordered done at the meeting. On the demand

of any director, member, or stockholder, the time when any director,

member, or stockholder left the meeting must be noted on the minutes, and

on a similar demand, the yeas and nays must be taken on any motion or

proposition and a record thereof carefully made. The protest of any director,

member, or stockholder on any action or proposed action must be recorded

in full on his demand.

The record of all business transactions of the corporation and the

minutes of any meeting shall be open to the inspection of any director,

member, or stockholder of the corporation at reasonable hours.