Guam § 171202 - Nonjudicial Dissolution.
Full text of Guam Guam Code Annotated § 171202 — Nonjudicial Dissolution., with citation guidance and answers to common questions.
§ 171202. Nonjudicial Dissolution.
(a) Except as otherwise provided in §§ 171203 and 171215, a limited cooperative association is
dissolved and its activities must be wound up:
(1) upon the occurrence of an event or at a time specified in the articles of organization;
(2) upon the action of the association’s organizers, board of directors, or members under § 171204
or 171205; or
(3) ninety (90) calendar days after the dissociation of a member, which results in the association
having one (1) patron member and no other members, unless the association, no later than the end of
the ninety (90)-day period, admits at least one (1) member in accordance with the organic rules and
has at least two (2) members, at least one (1) of which is a patron member.
COL 2025-04-22
Frequently Asked Questions About Guam § 171202
What does Guam Code Annotated § 171202 cover?
Section 171202 ("Nonjudicial Dissolution.") 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 § 171202?
A common citation format is "Guam Code Annotated § 171202" (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 § 171202 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.