{"data":{"id":"us-gu/11-gca-106211","jurisdiction":"us-gu","citation":"11 GCA § 106211","heading":"First Meetings of Stockholders and Directors; Adoption of By-Laws.","body":"(a) After the capital and surplus have been fully paid, a meeting of the stockholders shall be called by the incorporators on 10 day’s notice to elect directors and adopt by-laws, and direct the call, on 5 day’s notice, of the first meeting of directors for the election of officers.\n(b) By-laws shall be adopted and may be amended by a vote of the holders of a majority of the outstanding voting shares voted at a meeting of the stockholders, but the by-laws may provide for amendment by the board of directors of any provisions other than those relating to the duties, term of office, remuneration, reimbursement or indemnification of a director.","path":["Title 11: Finance and Taxation","Division 4 - Banks and Banking","Chapter 106: Banks","ARTICLE 2: ORGANIZATION AND CORPORATE FUNCTIONS OF BANKS"],"source_url":"https://col.guamcourts.gov/sites/default/files/11gc106.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:18:18Z","sha256":"883c31fc4553acbb516de0e4bb535225fd5150ad32b7b02f5deb526c132757db","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-106210","next":"us-gu/11-gca-106212"},"notice":"GroundRules: Original legal text. Not legal advice."}