GroundRules
← Search the law
us-gu · Through P.L. 38-133 (June 4, 2026)

18 GCA § 17817: Committees.

Read at publisher ↗
Where this section sits in the code
  1. Title 18: Business Structure and Function
  2. Division 1 - Business Structure
  3. Part 2 - Special Corporate Forms
  4. Chapter 17: Guam Uniform Limited Cooperative Association Act
  5. ARTICLE 8: DIRECTORS AND OFFICERS

(a) Unless the organic rules otherwise provide, a board of directors may create one (1) or more committees and appoint one (1) or more individuals to serve on a committee.

(b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director but shall be a member.

(c) An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.

(d) Each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee may not:

(1) approve allocations or distributions except according to a formula or method prescribed by the board of directors;

(2) approve or propose to members action requiring approval of members; or

(3) fill vacancies on the board of directors or any of its committees.

Collected 2026-09-27T03:54:38Z. Source file · JSON

Browse this collection