Guam § 8107 - Stock: Qualification of Shareholders: Confidential Financial
Full text of Guam Guam Code Annotated § 8107 — Stock: Qualification of Shareholders: Confidential Financial, with citation guidance and answers to common questions.
§ 8107. Stock: Qualification of Shareholders: Confidential Financial
Statements: Voting Trusts: Proxies.
Shares of capital stock in a professional corporation may be issued
only to a licensed person, and any shares issued in violation of this
restriction shall be void. Unless there is a public offering of securities by a
professional corporation, its financial statements shall be confidential,
except to the extent that such statements shall be subject to subpoena in
connection with any judicial or administrative proceeding, and may be
admissible in evidence therein. No shareholder of a professional corporation
shall enter into a voting trust, proxy, or any other arrangement vesting
another person (other than another licensed person who is a shareholder of
the same corporation) with the authority to exercise the voting power of any
or all of his shares, and any such purported voting trust, proxy, or other
arrangement shall be void.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 8107
What does Guam Code Annotated § 8107 cover?
Section 8107 ("Stock: Qualification of Shareholders: Confidential Financial") 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 § 8107?
A common citation format is "Guam Code Annotated § 8107" (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 § 8107 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.