Guam § 171002 - Contribution and Valuation.
Full text of Guam Guam Code Annotated § 171002 — Contribution and Valuation., with citation guidance and answers to common questions.
§ 171002. Contribution and Valuation.
(a) Unless the organic rules otherwise provide, the contributions of a member to a limited cooperative
association may consist of property transferred to, services performed for, or another benefit provided to
the association or an agreement to transfer property to, perform services for, or provide another benefit to
the association.
(b) The receipt and acceptance of contributions and the valuation of contributions must be reflected in
a limited cooperative association’s records.
(c) Unless the organic rules otherwise provide, the board of directors shall determine the value of a
member’s contributions received or to be received and the determination by the board of directors of
valuation is conclusive for purposes of determining whether the member’s contribution obligation has been
met.
Frequently Asked Questions About Guam § 171002
What does Guam Code Annotated § 171002 cover?
Section 171002 ("Contribution and Valuation.") 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 § 171002?
A common citation format is "Guam Code Annotated § 171002" (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 § 171002 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.