GroundRules
18 GCA § 17104: Purpose and Duration of Limited Cooperative Association.
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 1: GENERAL PROVISIONS
(a) A limited cooperative association is an entity distinct from its members.
(b) A limited cooperative association may be organized for any lawful purpose and for a public benefit, regardless of whether for profit, except designated prohibited purposes under Guam law.
(c) Unless the articles of organization state a term for a limited cooperative association’s existence, the association has perpetual duration.
Collected 2026-09-27T03:54:38Z. Source file · JSON