Guam § 2204 - Bylaws: Amendment or Repeal.
Full text of Guam Guam Code Annotated § 2204 — Bylaws: Amendment or Repeal., with citation guidance and answers to common questions.
§ 2204. Bylaws: Amendment or Repeal.
The owners, of a majority of the paid up capital stock, entitled to vote,
or a majority of the members if there be no capital stock, may, at a regular
or special meeting duly called for the purpose, amend or repeal any bylaw
or adopt new bylaws. The owners of two-thirds (2/3) of the paid up capital
stock entitled to vote, or two-thirds (2/3) of the members if there be no
capital stock, may delegate to the board of directors the power to amend or
repeal any bylaw or to adopt new bylaws; provided, however, that any
power delegated to the board of directors to amend or repeal any bylaw or
to adopt new bylaws shall be considered as revoked whenever a majority of
the stockholders or the members of the corporation shall so vote at a regular
or special meeting.
Whenever any amendment of the articles of incorporation or a new
bylaw is adopted, such amendment or bylaw shall be attached to the
original articles or bylaws in the office of the corporation and a copy thereof
duly certified to by a majority of the directors and countersigned by the
secretary or clerk of the corporation, shall be filed with the Director of
Revenue and Taxation, who shall attach the same to the original articles of
incorporation and original bylaws on file in his office and charge the sum of
Twenty Dollars ($20.00) for this service.
Frequently Asked Questions About Guam § 2204
What does Guam Code Annotated § 2204 cover?
Section 2204 ("Bylaws: Amendment or Repeal.") 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 § 2204?
A common citation format is "Guam Code Annotated § 2204" (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 § 2204 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.