18 GCA § 17809: Vacancy on Board.
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, a vacancy on the board of directors must be filled:
(1) within a reasonable time by majority vote of the remaining directors until the next annual members meeting or a special meeting of members called to fill the vacancy; and
(2) for the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy.
(b) Unless the organic rules or bylaws otherwise provide, if a vacating director was elected or appointed by a class of members or a district:
(1) the new director must be of that class or district; and
(2) the selection of the director for the unexpired term must be conducted in the same manner as would the selection for that position without a vacancy.
(c) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy.
Collected 2026-09-27T03:54:38Z. Source file · JSON