Guam § 28615 - Corporation’s Acquisition of its Own Shares.
Full text of Guam Guam Code Annotated § 28615 — Corporation’s Acquisition of its Own Shares., with citation guidance and answers to common questions.
§ 28615. Corporation’s Acquisition of its Own Shares.
(a) A corporation may acquire its own shares and shares so acquired
constitute authorized but unissued shares.
(b) If the articles of incorporation prohibit the reissue of acquired
shares, the number of authorized shares is reduced by the number of shares
acquired.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 28615
What does Guam Code Annotated § 28615 cover?
Section 28615 ("Corporation’s Acquisition of its Own Shares.") 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 § 28615?
A common citation format is "Guam Code Annotated § 28615" (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 § 28615 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.