Guam § 12106 - Duration of Membership. Withdrawal.
Full text of Guam Guam Code Annotated § 12106 — Duration of Membership. Withdrawal., with citation guidance and answers to common questions.
§ 12106. Duration of Membership. Withdrawal.
Membership in the corporation shall be for the duration of the
corporation; provided that upon written notice given to the corporation five
(5) years in advance, a member may withdraw from membership in the
corporation at the expiration date of such notice.
A member shall not be obligated to make any loans to the corporation
pursuant to calls made subsequent to notice of the intended withdrawal of
said member.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 12106
What does Guam Code Annotated § 12106 cover?
Section 12106 ("Duration of Membership. Withdrawal.") 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 § 12106?
A common citation format is "Guam Code Annotated § 12106" (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 § 12106 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.