GroundRules
18 GCA § 17401: Authority to Amend Organic Rules.
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 4: AMENDMENT OF ARTICLES OF ORGANIZATION OR BYLAWS OF LIMITED COOPERATIVE ASSOCIATION
(a) A limited cooperative association may amend organic rules under this Article for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under § 17303.
(b) Unless the organic rules otherwise provide, a member does not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.
Collected 2026-09-27T03:54:38Z. Source file · JSON