Guam § 171006 - Redemption or Repurchase.
Full text of Guam Guam Code Annotated § 171006 — Redemption or Repurchase., with citation guidance and answers to common questions.
§ 171006. Redemption or Repurchase.
Property distributed to a member by a limited cooperative association, other than money, may be
redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made
without authorization by the board of directors. The board may withhold authorization for any reason in its
sole discretion. A redemption or repurchase is treated as a distribution for purposes of § 171007.
Frequently Asked Questions About Guam § 171006
What does Guam Code Annotated § 171006 cover?
Section 171006 ("Redemption or Repurchase.") 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 § 171006?
A common citation format is "Guam Code Annotated § 171006" (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 § 171006 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.