Guam § 17803 - Qualifications of Directors.
Full text of Guam Guam Code Annotated § 17803 — Qualifications of Directors., with citation guidance and answers to common questions.
§ 17803. Qualifications of Directors.
(a) Unless the organic rules otherwise provide, and subject to Subsection (c) of this Section, each
director of a limited cooperative association must be an individual who is a member of the association or
an individual who is designated by a member that is not an individual for purposes of qualifying and serving
as a director. Initial directors need not be members.
(b) Unless the organic rules otherwise provide, a director may be an officer or employee of the limited
cooperative association.
(c) Except for initial directors, nonmember directors are prohibited.
(d) The organic rules may provide qualifications for directors in addition to those in this Section.
Frequently Asked Questions About Guam § 17803
What does Guam Code Annotated § 17803 cover?
Section 17803 ("Qualifications of Directors.") 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 § 17803?
A common citation format is "Guam Code Annotated § 17803" (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 § 17803 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.