18 GCA § 28809: Vacancy on Board.
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 8: DIRECTORS AND OFFICER
(a) Unless the articles of incorporation provide otherwise, if a vacancy occurs on a board of directors, including a vacancy resulting from an increase in the number of directors:
(1) the shareholders may fill the vacancy;
(2) the board of directors may fill the vacancy; or
(b) If the vacant office was held by a director elected by a voting group of shareholders, only the holders of shares of that voting group are entitled to vote to fill the vacancy if it is filled by the shareholders.
Collected 2026-09-27T03:55:38Z. Source file · JSON