{"data":{"id":"us-gu/18-gca-2109","jurisdiction":"us-gu","citation":"18 GCA § 2109","heading":"Statement of Treasurer. Condition Precedent to Filing.","body":"The Director of Revenue and Taxation shall not file the articles of incorporation unless accompanied by a sworn statement of the treasurer elected by the subscribers showing that at least twenty percentum (20%) of the entire capital stock has been subscribed, and that at least twenty-five percentum (25%) of the subscription has been paid to him for the benefit and to the credit of the corporation.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 1 - The Corporate Law","Chapter 2: Formation of Corporations","ARTICLE 1: CORPORATIONS DEFINED, ORGANIZED"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc002.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:52:08Z","sha256":"6d9d53869039215cd6b255229e8c3d38c25070d0b70ae92ca1d66ca9748b10e1","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-2108","next":"us-gu/18-gca-2110"},"notice":"GroundRules: Original legal text. Not legal advice."}