Guam § 17302 - Organization of Limited Cooperative Association.
Full text of Guam Guam Code Annotated § 17302 — Organization of Limited Cooperative Association., with citation guidance and answers to common questions.
§ 17302. Organization of Limited Cooperative Association.
(a) After a limited cooperative association is formed:
(1) if initial directors are named in the articles of organization, the initial directors shall hold an
organizational meeting to adopt initial bylaws and carry on any other business necessary or proper to
complete the organization of the association; or
(2) if initial directors are not named in the articles of organization, the organizers shall designate
the initial directors and call a meeting of the initial directors to adopt initial bylaws and carry on any
other business necessary or proper to complete the organization of the association.
(b) Unless the articles of organization otherwise provide, the initial directors may cause the limited
cooperative association to accept members, including those necessary for the association to begin business.
(c) Initial directors need not be members.
COL 2025-04-22
(d) An initial director serves until a successor is elected and qualified at a members meeting or the
director is removed, resigns, is adjudged incompetent, or dies.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17302
What does Guam Code Annotated § 17302 cover?
Section 17302 ("Organization 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 § 17302?
A common citation format is "Guam Code Annotated § 17302" (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 § 17302 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.