hereof. — Guam Code § 12109

Guam Code § 12109 — hereof.. Reproduced from the official Guam Code Annotated, with a citation summary, verification link, and related provisions.

§ 12109. hereof.

(b) To make, amend and repeal bylaws.

(c) To amend this charter as provided in § 12108.

(d) To dissolve the corporation as provided in § 12115.

(e) To do all things necessary or desirable to secure aid,

assistance, loans and other financing from any financial institutions

and from any agency established under the Small Business Investment

Act of 1958, Public Law 85-699, 85th Congress, or other similar

Federal laws now or hereafter enacted.

(f) To exercise such other of the powers of the corporation

consistent with this Chapter as may be conferred on the stockholders

and the members by the bylaws. As to all matters requiring action by

the stockholders and the members of the corporation, said stockholders

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and said members shall vote separately thereon by classes, and except

as otherwise herein provided, such matters shall require the affirmative

vote of a majority of the votes to which the stockholders present or

represented at the meeting shall be entitled and the affirmative vote of

a majority of the votes to which the members present or represented at

the meeting shall be entitled.

Each stockholder shall have one (1) vote, in person or by proxy,

for each share of capital stock held by him, and each member shall

have one (1) vote, in person or by proxy, except that any member

having a loan limit of more than one thousand ($1,000.00) dollars shall

have one (1) additional vote, in person or by proxy, for each additional

one thousand dollars ($1,000.00), which such member is authorized to

have outstanding on loans to the corporation at any one time as

determined under Paragraph (2) of subsection (c) of § 12105.

Source: official Guam text · Last verified 2026-08-27

At a glance

  • Citation: Guam Code Annotated § 12109
  • Jurisdiction: Guam
  • Code: Guam Code Annotated
  • Subject: hereof.
  • Text: transcribed from the official source (verify below)

Verify the text

Statute text is transcribed from the official Guam Code Annotated. Confirm it against the primary source before relying on it:

Not legal advice. Verify against the official source and consult a licensed Guam attorney.

Common questions

What is the source of Guam Code Annotated § 12109?

The text above is transcribed from the Guam Code Annotated, the codified statutes of Guam. The official publisher link appears under "Verify the text" on this page.

What subject does Guam Code Annotated § 12109 address?

It addresses "hereof.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

Is Guam Code Annotated § 12109 still in force?

Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Guam source before relying on this text.

Can this page be used as legal advice?

No. This is a reference transcription for research. Applying Guam law to your facts requires a licensed Guam attorney who can review the specifics.