Member Approval of Other Disposition of Assets

18 GCA § 171402 — under Guam Uniform Limited Cooperative Association Act.

18 GCA § 171402

A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in § 171401, requires approval of the association’s members under §§ 171403 and 171404 if the disposition leaves the association without significant continuing business activity.

COL 2025-04-22