Guam § 28709 - Voting Entitlement of Shares.
Full text of Guam Guam Code Annotated § 28709 — Voting Entitlement of Shares., with citation guidance and answers to common questions.
§ 28709. Voting Entitlement of Shares.
(a) Except as provided in subsections (b) and (c) or unless the articles of
incorporation provide otherwise, each outstanding share, regardless of class,
is entitled to one vote on each matter voted on at a shareholders’ meeting.
Only shares are entitled to vote.
(b) Absent special circumstances, the shares of a corporation are not
entitled to vote if they are owned, directly or indirectly, by a second
corporation, domestic or foreign, and the first corporation owns, directly or
indirectly, a majority of the shares entitled to vote for directors of the second
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corporation.
(c) Subsection (b) does not limit the power of a corporation to vote any
shares, including its own shares, held by it in a fiduciary capacity.
(d) Redeemable shares are not entitled to vote after notice of
redemption is mailed to the holders and a sum sufficient to redeem the shares
has been deposited with a bank, trust company, or other financial institution
under an irrevocable obligation to pay the holders the redemption price on
surrender of the shares.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 28709
What does Guam Code Annotated § 28709 cover?
Section 28709 ("Voting Entitlement of 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 § 28709?
A common citation format is "Guam Code Annotated § 28709" (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 § 28709 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.