Payment. — Guam Code § 3406

Guam Code § 3406 — Payment.. Reproduced from the official Guam Code Annotated, with a citation summary, verification link, and related provisions.

§ 3406. Payment.

(a) Except as provided in § 3408 of this Article, as soon as the

proposed corporate action is taken, or upon receipt of a payment demand,

the corporation shall pay each dissenter who complied with §3404 the

amount the corporation estimates to be the fair value of his shares, plus

interest, in cash.

(b) The payment must be accompanied by:

(1) The corporation's balance sheet as of the end of a fiscal year

ending not more than sixteen (16) months before the date of payment,

an income statement for that year, a statement of changes in

stockholders’ equity for that year and the latest available interim

financial statements, if any;

(2) A statement of the corporation's estimate of the fair value of

the shares;

(3) An explanation of how the interest was calculated;

(4) A statement of the dissenter's right to demand payment under

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

At a glance

  • Citation: Guam Code Annotated § 3406
  • Jurisdiction: Guam
  • Code: Guam Code Annotated
  • Subject: Payment.
  • 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 § 3406?

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 § 3406 address?

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

Is Guam Code Annotated § 3406 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Statutes are amended, repealed, and renumbered every session.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.