Guam § 28610 - Form and Content of Certificates.

§ 28610. Form and Content of Certificates.

(a) Shares may but need not be represented by certificates. Unless this

Act or another statute expressly provides otherwise, the rights and

obligations of shareholders are identical whether or not their shares are

represented by certificates.

(b) At a minimum each share certificate must state on its face:

(1) the name of the issuing corporation and that it is organized

under the law of Guam;

(2) the name of the person to whom issued; and

(3) the number and class of shares and the designation of the

series, if any, the certificate represents.

(c) If the issuing corporation is authorized to issue different classes of

shares or different series within a class, the designations, relative rights,

preferences, and limitations applicable to each class and the variations in

rights, preferences, and limitations determined for each series (and the

authority of the board of directors to determine variations for future series)

must be summarized on the front or back of each certificate. Alternatively,

each certificate may state conspicuously on its front or back that the

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corporation will furnish the shareholder this information on request in

writing and without charge.

(d) Each share certificate:

(1) must be signed (either manually or in facsimile) by two officers

designated in the bylaws or by the board of directors and

(2) may bear the corporate seal or its facsimile.

(e) If the person who signed (either manually or in facsimile) a share

certificate no longer holds office when the certificate is issued, the certificate

is nevertheless valid.