Guam § 17901 - Indemnification and Advancement of Expenses; Insurance.
Full text of Guam Guam Code Annotated § 17901 — Indemnification and Advancement of Expenses; Insurance., with citation guidance and answers to common questions.
§ 17901. Indemnification and Advancement of Expenses; Insurance.
(a) Indemnification and advancement of expenses of an individual who has incurred liability or is a
party, or is threatened to be made a party, to litigation because of the performance of a duty to, or activity
on behalf of, a limited cooperative association is governed by 18 GCA § 28822 of the Guam Business
Corporation Act.
(b) A limited cooperative association may purchase and maintain insurance on behalf of any individual
against liability asserted against or incurred by the individual to the same extent and subject to the same
conditions as provided by 18 GCA § 28822 of the Guam Business Corporation Act.
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Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17901
What does Guam Code Annotated § 17901 cover?
Section 17901 ("Indemnification and Advancement of Expenses; Insurance.") 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 § 17901?
A common citation format is "Guam Code Annotated § 17901" (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 § 17901 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.