Guam § 28721 - Standing.
Full text of Guam Guam Code Annotated § 28721 — Standing., with citation guidance and answers to common questions.
§ 28721. Standing.
A shareholder may not commence or maintain a derivative proceeding
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18 GCA BUSINESS STRUCTURE & FUNCTION
unless the shareholder:
(a) was a shareholder of the corporation at the time of the act or
omission complained of or became a shareholder through transfer by
operation of law from one who was a shareholder at that time; and
(b) fairly and adequately represents the interests of the corporation
in enforcing the right of the corporation.
Frequently Asked Questions About Guam § 28721
What does Guam Code Annotated § 28721 cover?
Section 28721 ("Standing.") 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 § 28721?
A common citation format is "Guam Code Annotated § 28721" (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 § 28721 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.