Guam § 4403 - Penalties Recovered.
Full text of Guam Guam Code Annotated § 4403 — Penalties Recovered., with citation guidance and answers to common questions.
§ 4403. Penalties Recovered.
COL021307
18 GCA BUSINESS S TRUCTURES & FUNCTION
The purchaser or his assignee in entitled to recover any penalties
imposed by law and recoverable by the corporation for an injury to the
franchise or property thereof, or for any damages or other cause, occurring
during the time he holds the same, and may use the name of the corporation
for the purpose of any action necessary to recover the same. A recovery for
damages or any penalties thus had is a bar to any subsequent action by or on
behalf of the corporation for the same.
Frequently Asked Questions About Guam § 4403
What does Guam Code Annotated § 4403 cover?
Section 4403 ("Penalties Recovered.") 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 § 4403?
A common citation format is "Guam Code Annotated § 4403" (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 § 4403 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.