Guam § 2208 - Organization.
Full text of Guam Guam Code Annotated § 2208 — Organization., with citation guidance and answers to common questions.
§ 2208. Organization.
Immediately after election the directors of a corporation must organize
by the election of the president, who must be one of their number, a
secretary or treasurer who shall be a resident of Guam and such other
officers as may be provided for in the bylaws. The directors and officers so
elected shall perform the duties enjoined on them by law and by the bylaws
of the corporation. A majority of the directors shall constitute a quorum for
COL070307
18 GCA BUSINESS S TRUCTURE & FUNCTION
the transaction of corporate business, and every decision of a majority of the
quorum duly assembled as a board shall be valid as a corporate act.
Frequently Asked Questions About Guam § 2208
What does Guam Code Annotated § 2208 cover?
Section 2208 ("Organization.") 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 § 2208?
A common citation format is "Guam Code Annotated § 2208" (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 § 2208 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.