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us-gu · Through P.L. 38-133 (June 4, 2026)

18 GCA § 281305: Notice of Intent to Demand Payment.

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Where this section sits in the code
  1. Title 18: Business Structure and Function
  2. Division 1 - Business Structure
  3. Part 5 - Guam Business Corporation Act
  4. Chapter 28: Guam Business Corporation Act
  5. ARTICLE 13: APPRAISAL RIGHTS
  6. SUBARTICLE B: PROCEDURE FOR EXERCISE OF APPRAISAL RIGHTS

(a) If proposed corporate action requiring appraisal rights under § 281302 is submitted to a vote at a shareholders’ meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:

(1) must deliver to the corporation before the vote is taken written notice of the shareholder’s intent to demand payment if the proposed action is effectuated; and

(2) must not vote, or cause or permit to be voted, any shares of such class or series in favor of the proposed action.

(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment under this Article.

Collected 2026-09-27T03:55:38Z. Source file · JSON

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