{"data":{"id":"us-gu/18-gca-171006","jurisdiction":"us-gu","citation":"18 GCA § 171006","heading":"Redemption or Repurchase.","body":"Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of § 171007.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 2 - Special Corporate Forms","Chapter 17: Guam Uniform Limited Cooperative Association Act","ARTICLE 10: CONTRIBUTIONS, ALLOCATIONS, AND DISTRIBUTIONS"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc017.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:54:38Z","sha256":"0d01b3a2d2f7b2f26ade8acc6e9e764a3df4f8ce8048dd3da3d4b2ed0b61b44a","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-171005","next":"us-gu/18-gca-171007"},"notice":"GroundRules: Original legal text. Not legal advice."}