Guam § 17506 - Annual Meeting of Members.
Full text of Guam Guam Code Annotated § 17506 — Annual Meeting of Members., with citation guidance and answers to common questions.
§ 17506. Annual Meeting of Members.
(a) Members shall meet annually at a time provided in the organic rules or set by the board of directors
not inconsistent with organic rules.
(b) An annual members meeting may be held inside or outside Guam at the place stated in the organic
rules or selected by the board of directors not inconsistent with organic rules.
(c) Unless organic rules otherwise provide, members may attend or conduct an annual members
meeting through any means of communication if all members attending the meeting can communicate with
each other during the meeting.
(d) The board of directors shall report, or cause to be reported, at the association’s annual members
meeting the association’s business and financial condition as of the close of the most recent fiscal year.
(e) Unless the organic rules otherwise provide, the board of directors shall designate the presiding
officer of the association’s annual members meeting.
(f) Failure to hold an annual members meeting does not affect the validity of any action by the limited
cooperative association.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17506
What does Guam Code Annotated § 17506 cover?
Section 17506 ("Annual Meeting of Members.") 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 § 17506?
A common citation format is "Guam Code Annotated § 17506" (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 § 17506 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.