{"data":{"id":"us-gu/18-gca-281409","jurisdiction":"us-gu","citation":"18 GCA § 281409","heading":"Director Duties.","body":"(a) Directors shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to shareholders after payment or provision for claims.\n(b) Directors of a dissolved corporation which has disposed of claims under sections 281406, 281407, or 281408 shall not be liable for breach of § 281409 (a) with respect to claims against the dissolved corporation that are barred or satisfied under sections 281406, 281407 or 281408.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 5 - Guam Business Corporation Act","Chapter 28: Guam Business Corporation Act","ARTICLE 14: DISSOLUTION"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc028.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:55:38Z","sha256":"050e088a759510fd723a20879814ba0177f82be3556cd5025b2f110999a8442f","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-281408","next":"us-gu/18-gca-281410"},"notice":"GroundRules: Original legal text. Not legal advice."}