Guam § 28716 - Voting for Directors; Cumulative Voting.
Full text of Guam Guam Code Annotated § 28716 — Voting for Directors; Cumulative Voting., with citation guidance and answers to common questions.
§ 28716. Voting for Directors; Cumulative Voting.
(a) Unless otherwise provided in the articles of incorporation, directors
are elected by a plurality of the votes cast by the shares entitled to vote in the
election at a meeting at which a quorum is present.
(b) Shareholders do not have a right to cumulate their votes for directors
unless the articles of incorporation so provide.
(c) A statement included in the articles of incorporation that
shareholders are entitled to cumulate their votes for directors (or words of
similar import) means that the shareholders designated are entitled to
multiply the number of votes they are entitled to cast by the number of
directors for whom they are entitled to vote and cast the product for a single
candidate or distribute the product among two or more candidates.
COL372014
18 GCA BUSINESS STRUCTURE & FUNCTION
Frequently Asked Questions About Guam § 28716
What does Guam Code Annotated § 28716 cover?
Section 28716 ("Voting for Directors; Cumulative Voting.") 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 § 28716?
A common citation format is "Guam Code Annotated § 28716" (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 § 28716 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.