GroundRules
18 GCA § 2116: Law not Applicable to FSC.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 1 - The Corporate Law
- Chapter 2: Formation of Corporations
- ARTICLE 1: CORPORATIONS DEFINED, ORGANIZED
The following provisions of this Part shall not apply to any FSC:
§ 2205, to the extent that directors need not be elected from among the holders of stock;
§ 2206; [and]
§ 2208, to the extent that the president need not be a director.
In addition to the above exemptions, no officer of a FSC shall be required to own any shares of the capital stock of the Corporation of which he is an officer.
Collected 2026-09-27T03:52:08Z. Source file · JSON