Guam § 3102 - Interest on Unpaid Subscriptions. Issue of Certificates.
Full text of Guam Guam Code Annotated § 3102 — Interest on Unpaid Subscriptions. Issue of Certificates., with citation guidance and answers to common questions.
§ 3102. Interest on Unpaid Subscriptions. Issue of Certificates.
Votes. Subscribers for stock shall pay to the corporation quarterly, on
all unpaid subscriptions, interest from the date of subscription at the rate of
COL021307
18 GCA BUSINESS S TRUCTURES & FUNCTION
six (6) percentum per annum unless otherwise provided in the bylaws. No
certificate of stock shall be issued to a subscriber as fully paid up until the
full par value thereof has been paid by him to the corporation. Subscribed
shares not fully paid up shall not be voted, and shares which have been
pledged to the corporation as security for the payment of debt shall not be
voted; provided, that shares paid for by note or other evidence of
indebtedness shall not be considered fully paid up.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 3102
What does Guam Code Annotated § 3102 cover?
Section 3102 ("Interest on Unpaid Subscriptions. Issue of Certificates.") 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 § 3102?
A common citation format is "Guam Code Annotated § 3102" (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 § 3102 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.