GroundRules
18 GCA § 171006: Redemption or Repurchase.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 2 - Special Corporate Forms
- Chapter 17: Guam Uniform Limited Cooperative Association Act
- ARTICLE 10: CONTRIBUTIONS, ALLOCATIONS, AND DISTRIBUTIONS
Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of § 171007.
Collected 2026-09-27T03:54:38Z. Source file · JSON