Guam § 171005 - Distributions.
Full text of Guam Guam Code Annotated § 171005 — Distributions., with citation guidance and answers to common questions.
§ 171005. Distributions.
(a) Unless the organic rules otherwise provide and subject to § 171007, the board of directors may
authorize, and the limited cooperative association may make, distributions to members.
(b) Unless the organic rules otherwise provide, distributions to members may be made in any form,
including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited
cooperative association’s own or other securities.
Frequently Asked Questions About Guam § 171005
What does Guam Code Annotated § 171005 cover?
Section 171005 ("Distributions.") 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 § 171005?
A common citation format is "Guam Code Annotated § 171005" (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 § 171005 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.