Guam § 13113 - Organization of Directors: Secretary and Treasurer.
Full text of Guam Guam Code Annotated § 13113 — Organization of Directors: Secretary and Treasurer., with citation guidance and answers to common questions.
§ 13113. Organization of Directors: Secretary and Treasurer.
The directors shall elect from their number a president and one or more
vice presidents. They shall also elect a secretary and a treasurer, who need
not be directors or members of the association; and they may combine the
two latter offices and designate the combined office as secretary-treasurer;
or unite both functions and titles in one person. The treasurer may be a bank
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or any depository and as such, shall not be considered as an officer, but as a
function of the board of directors. In such case, the secretary shall perform
the usual accounting duties of the treasurer, excepting that the funds shall be
deposited only as and where authorized by the board of directors.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 13113
What does Guam Code Annotated § 13113 cover?
Section 13113 ("Organization of Directors: Secretary and Treasurer.") 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 § 13113?
A common citation format is "Guam Code Annotated § 13113" (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 § 13113 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.