Guam § 17103 - Nature of Limited Cooperative Association.
Full text of Guam Guam Code Annotated § 17103 — Nature of Limited Cooperative Association., with citation guidance and answers to common questions.
§ 17103. Nature of Limited Cooperative Association.
(a) A limited cooperative association organized under this Act is an autonomous, unincorporated
association of persons united to meet their mutual interests through a jointly owned enterprise primarily
controlled by those persons, which permits combining:
(1) ownership, financing, and receipt of benefits by the members for whose interests the
association is formed; and
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(2) separate investments in the association by members who may receive returns on their
investments and a share of control.
(b) The fact that a limited cooperative association does not have one (1) or more of the characteristics
described in Subsection (a) of this Section does not alone prevent the association from being formed under
and governed by this Act nor does it alone provide a basis for an action against the association.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17103
What does Guam Code Annotated § 17103 cover?
Section 17103 ("Nature of Limited Cooperative Association.") 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 § 17103?
A common citation format is "Guam Code Annotated § 17103" (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 § 17103 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.