Guam § 28806 - Staggered Terms for Directors.
Full text of Guam Guam Code Annotated § 28806 — Staggered Terms for Directors., with citation guidance and answers to common questions.
§ 28806. Staggered Terms for Directors.
The articles of incorporation may provide for staggering the terms of
directors by dividing the total number of directors into two or three groups,
with each group containing one-half or one-third of the total, as near as may
be. In that event, the terms of directors in the first group expire at the first
annual shareholders’ meeting after their election, the terms of the second
group expire at the second annual shareholders’ meeting after their election,
and the terms of the third group, if any, expire at the third annual
shareholders’ meeting after their election. At each annual shareholders’
meeting thereafter, directors shall be chosen for a term of two years or three
years, as the case may be, to succeed those whose terms expire.
Frequently Asked Questions About Guam § 28806
What does Guam Code Annotated § 28806 cover?
Section 28806 ("Staggered Terms for Directors.") 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 § 28806?
A common citation format is "Guam Code Annotated § 28806" (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 § 28806 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.