{"data":{"id":"us-gu/18-gca-2116","jurisdiction":"us-gu","citation":"18 GCA § 2116","heading":"Law not Applicable to FSC.","body":"The following provisions of this Part shall not apply to any FSC:\n§ 2205, to the extent that directors need not be elected from among the holders of stock;\n§ 2206; [and]\n§ 2208, to the extent that the president need not be a director.\nIn addition to the above exemptions, no officer of a FSC shall be required to own any shares of the capital stock of the Corporation of which he is an officer.","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":"869f1e0036929591eac72681eda3e057e2649871d39c3d60b71eca1d66585344","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-2115","next":"us-gu/18-gca-2117"},"notice":"GroundRules: Original legal text. Not legal advice."}