Guam § 171402 - Member Approval of Other Disposition of Assets.
Full text of Guam Guam Code Annotated § 171402 — Member Approval of Other Disposition of Assets., with citation guidance and answers to common questions.
§ 171402. Member Approval of Other Disposition of Assets.
A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association,
other than a disposition described in § 171401, requires approval of the association’s members under §§
171403 and 171404 if the disposition leaves the association without significant continuing business activity.
COL 2025-04-22
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 171402
What does Guam Code Annotated § 171402 cover?
Section 171402 ("Member Approval of Other Disposition of Assets.") 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 § 171402?
A common citation format is "Guam Code Annotated § 171402" (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 § 171402 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.