Guam § 3404 - Duty to Demand Payment.
Full text of Guam Guam Code Annotated § 3404 — Duty to Demand Payment., with citation guidance and answers to common questions.
§ 3404. Duty to Demand Payment.
(a) A stockholder sent a dissenters' notice described in § 3403 of this
Article must demand payment, certify whether he acquired beneficial
ownership of the shares before the date required to be set forth in the
dissenters' notice pursuant to § 3403 (b) (3), and deposit his certificates in
accordance with the terms of the notice.
(b) The stockholder who demands payment and deposits his shares
under Subsection (a) of this Section retains all other rights of a stockholder
until their rights are canceled or modified by the taking of the proposed
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corporate action.
(c) A stockholder who does not demand payment or deposit his share
certificates where required, each by the date set in the dissenters' notice, is
not entitled to payment for his shares under Articles 3 and 4 of this Chapter.
Frequently Asked Questions About Guam § 3404
What does Guam Code Annotated § 3404 cover?
Section 3404 ("Duty to Demand Payment.") 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 § 3404?
A common citation format is "Guam Code Annotated § 3404" (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 § 3404 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.