Guam § 2203 - Bylaws: Provisions.

§ 2203. Bylaws: Provisions.

A corporation may, unless otherwise prescribed by this Part, in its

bylaws prescribe:

(1) For the time, place, and manner of calling and conducting

regular or special meeting of its directors, and the time and manner of

calling and conducting regular or special meetings of stockholders or

members;

(2) The number of stockholders or members necessary to

constitute a quorum for the transaction of business at meetings of

stockholders or members;

(3) The conditions upon which members of nonstock corporations

shall be entitled to vote;

(4) The mode of securing proxies of stockholders or members and

voting them;

(5) The qualifications, duties, and compensation of directors,

officers, and employees;

(6) The time for holding the annual election of directors and the

mode and manner of giving notice thereof;

(7) The manner of election and the term of office of all officers

other than directors and those elected by the directors or trustees;

(8) The penalties for violation of bylaws, not exceeding in any

case the sum of one hundred dollars ($100.00);

(9) In the case of stock corporations, the manner of issuing stock

certificates or shares of stock;

(10) Such other matters not otherwise provided for in this Part as

may be necessary for the proper or convenient transaction of the

business of the corporation;

(11) In the case of an Investment Company or an International

Finance Company (i) such rights of inspection, if any, by a director or

stockholder of the corporation's bylaws, list of stockholders, stock and

transfer books, records of business transactions and any other books

and records of the corporation, and (ii) provision for the

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indemnification of directors, officers, employees and agents of the

corporation against liabilities arising or asserted against them as such,

and expenses arising in connection therewith.