Guam § 17817 - Committees.

§ 17817. Committees.

(a) Unless the organic rules otherwise provide, a board of directors may create one (1) or more

committees and appoint one (1) or more individuals to serve on a committee.

(b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a

limited cooperative association need not be a director but shall be a member.

(c) An individual who is not a director and is serving on a committee has the same rights, duties, and

obligations as a director serving on the committee.

(d) Each committee of a limited cooperative association may exercise the powers delegated to it by

the board of directors, but a committee may not:

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(1) approve allocations or distributions except according to a formula or method prescribed by

the board of directors;

(2) approve or propose to members action requiring approval of members; or

(3) fill vacancies on the board of directors or any of its committees.