Guam § 106222 - Waivers: Corporate Action by Unanimously Signed Writing.

§ 106222. Waivers: Corporate Action by Unanimously Signed Writing.

When a notice is required to be given to stockholders or directors under this Title, or the charter or by-

laws of any territorial bank, a waiver thereof in writing, signed by the person or persons entitled to said

notice, whether before or after the time stated therein, shall be deemed equivalent thereto. Whenever the

vote of stockholders or directors at a meeting thereof is required or permitted to be taken in connection with

any corporate action, by any section of this Title, the meeting and vote of stockholders or directors may be

dispensed with, if all the stockholders or directors who would have been entitled to vote upon the action if

such meeting were held, shall consent in writing to such corporate action being taken. In the event that the

action which is consented to is such as would have required the filing of a certificate under any of the other

sections of this Title, if such action had been voted upon by the stockholders or directors at a meeting

thereof, the certificate filed under such other section shall state that written consent has been given

hereunder, in lieu of stating that the stockholders have voted upon the corporate action in question, if such

last mentioned statement is required thereby.