GroundRules
18 GCA § 281009: Amendment of Bylaws by Board of Directors or Shareholders.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 5 - Guam Business Corporation Act
- Chapter 28: Guam Business Corporation Act
- ARTICLE 10: AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS
(a) A corporation’s shareholders may amend or repeal the corporation’s bylaws.
(b) A corporation’s board of directors may amend or repeal the corporation’s bylaws, unless:
(1) the articles of incorporation or § 281010 reserve that power exclusively to the shareholders in whole or part; or
(2) the shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or reinstate that bylaw.
Collected 2026-09-27T03:55:38Z. Source file · JSON