GroundRules
18 GCA § 28615: Corporation’s Acquisition of its Own Shares.
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 6: SHARES AND DISTRIBUTION
(a) A corporation may acquire its own shares and shares so acquired constitute authorized but unissued shares.
(b) If the articles of incorporation prohibit the reissue of acquired shares, the number of authorized shares is reduced by the number of shares acquired.
Collected 2026-09-27T03:55:38Z. Source file · JSON