Guam § 171501 - Governing Law.
Full text of Guam Guam Code Annotated § 171501 — Governing Law., with citation guidance and answers to common questions.
§ 171501. Governing Law.
(a) The law of the jurisdiction of formation of a foreign cooperative governs:
(1) the internal affairs of the cooperative; and
(2) the liability that a person has as a member or director for a debt, obligation, or liability of the
cooperative.
(b) A foreign cooperative is not precluded from registering to do business in Guam because of any
difference between the laws of its jurisdiction of formation and the laws of Guam.
(c) Registration of a foreign cooperative to do business in Guam does not authorize the foreign
cooperative to engage in any activities and affairs or exercise any power that a limited cooperative
association may not engage in or exercise in Guam.
Frequently Asked Questions About Guam § 171501
What does Guam Code Annotated § 171501 cover?
Section 171501 ("Governing Law.") 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 § 171501?
A common citation format is "Guam Code Annotated § 171501" (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 § 171501 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.