Guam § 281303 - Assertion of Rights by Nominees and Beneficial Owners.

§ 281303. Assertion of Rights by Nominees and Beneficial Owners.

(a) A record shareholder may assert appraisal rights as to fewer than all

the shares registered in the record shareholder’s name but owned by a

beneficial shareholder only if the record shareholder objects with respect to

all shares of the class or series owned by the beneficial shareholder and

notifies the corporation in writing of the name and address of each beneficial

shareholder on whose behalf appraisal rights are being asserted. The rights

of a record shareholder who asserts appraisal rights for only part of the

shares held of record in the record shareholder’s name under this subsection

shall be determined as if the shares as to which the record shareholder

objects and the record shareholder’s other shares were registered in the

names of different record shareholders.

(b) A beneficial shareholder may assert appraisal rights as to shares of

any class or series held on behalf of the shareholder only if such shareholder:

(1) submits to the corporation the record shareholder’s written

consent to the assertion of such rights no later than the date referred to

in § 281306 (b)(2)(B); and

(2) does so with respect to all shares of the class or series that are

beneficially owned by the beneficial shareholder.

SUBARTICLE B

PROCEDURE FOR EXERCISE OF APPRAISAL RIGHTS