Guam § 28805 - Terms of Directors Generally.
Full text of Guam Guam Code Annotated § 28805 — Terms of Directors Generally., with citation guidance and answers to common questions.
§ 28805. Terms of Directors Generally.
(a) The terms of the initial directors of a corporation expire at the first
shareholders’ meeting at which directors are elected.
(b) The terms of all other directors expire at the next annual
shareholders’ meeting following their election unless their terms are
staggered under § 28806.
(c) A decrease in the number of directors does not shorten an incumbent
director’s term.
(d) The term of a director elected to fill a vacancy expires at the next
shareholders’ meeting at which directors are elected.
(e) Despite the expiration of a director’s term, he continues to serve
until his successor is elected and qualifies or until there is a decrease in the
number of directors.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 28805
What does Guam Code Annotated § 28805 cover?
Section 28805 ("Terms of Directors Generally.") 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 § 28805?
A common citation format is "Guam Code Annotated § 28805" (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 § 28805 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.