Guam § 171403 - (2); and

§ 171403. (2); and

(2) if the limited cooperative association has investor members, at least a majority of the votes

cast by patron members, unless the organic rules require a greater percentage vote by patron members.

(b) The organic rules may require that the percentage of votes under Subsection (a)(1) of this Section

is:

(1) a different percentage that is not less than a majority of members voting at the meeting;

(2) measured against the voting power of all members; or

(3) a combination of Paragraphs (1) and (2) of this Subsection.

(c) Subject to any contractual obligations, after a disposition of assets is approved and at any time

before the consummation of the disposition, a limited cooperative association may approve an amendment

to the contract for disposition or the resolution authorizing the disposition or approve abandonment of the

disposition:

(1) as provided in the contract or the resolution; and

(2) except as prohibited by the resolution, with the same affirmative vote of the board of directors

and of the members as was required to approve the disposition.

(d) The voting requirements for districts, classes, or voting groups under § 17404 apply to approval of

a disposition of assets under this Article.

COL 2025-04-22

ARTICLE 15

FOREIGN COOPERATIVES