18 GCA § 17514: Voting Requirements for Members.
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 5: MEMBERS
If a limited cooperative association has both patron and investor members, the following rules apply:
(a) the total voting power of all patron members may not be less than eighty percent (80%) of a majority of the entire voting power entitled to vote.
(b) action on any matter is approved only upon the affirmative vote of at least a majority of:
(1) all members voting at the meeting unless more than a majority is required by Articles 4, 12, 14, or 16, or pursuant to the organic rules; and
(2) votes cast by patron members unless the articles of organization or bylaws require a larger affirmative vote by patron members.
(c) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.
Collected 2026-09-27T03:54:38Z. Source file · JSON