{"data":{"id":"us-gu/18-gca-13120","jurisdiction":"us-gu","citation":"18 GCA § 13120","heading":"Payment for Stock or Property by Transfer of Preferred Stock.","body":"Whenever an association, organized hereunder with preferred shares of stock, shall purchase the stock or any property, or interest in any property of any person, it may discharge the obligations so incurred, wholly or in part, by exchanging for the acquired interest, shares of its preferred stock to an amount which at par value would equal the fair market value of the stock or interest so purchased, as determined by the board of directors. In that case, the transfer to the association of the stock or interest purchased shall be equivalent to payment in cash for the shares of stock issued.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 2 - Special Corporate Forms","Chapter 13: Nonprofit Cooperative Associations"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc013.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:53:58Z","sha256":"cabbecaae9d681bbc893f7ea515fed016c2bb03b26d8e1d7a891722d70f1419d","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-13119","next":"us-gu/18-gca-13121"},"notice":"GroundRules: Original legal text. Not legal advice."}