18 GCA § 17805: Term of Director.
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 8: DIRECTORS AND OFFICERS
(a) Unless the organic rules otherwise provide, and subject to Subsections (c) and (d) of this Section and § 17302(d), the term of a director expires at the annual members meeting following the director’s election or appointment. The term of a director may not exceed three (3) years.
(b) Unless the organic rules otherwise provide, a director may be reelected.
(c) Except as otherwise provided in Subsection (d) of this Section, a director continues to serve until a successor director is elected or appointed and qualifies or the director is removed, resigns, is adjudged incompetent, or dies.
(d) Unless the organic rules otherwise provide, a director does not serve the remainder of the director’s term if the director ceases to qualify to be a director.
Collected 2026-09-27T03:54:38Z. Source file · JSON