Term of Director

18 GCA § 17805 — under Guam Uniform Limited Cooperative Association Act.

18 GCA § 17805

(a) Unless the organic rules otherwise provide, and subject to Subsections (c) and (d) of this Section and § 17302(d), the term of a director expires at the annual members meeting following the director’s election or appointment. The term of a director may not exceed three (3) years. (b) Unless the organic rules otherwise provide, a director may be reelected. (c) Except as otherwise provided in Subsection (d) of this Section, a director continues to serve until a successor director is elected or appointed and qualifies or the director is removed, resigns, is adjudged incompetent, or dies. (d) Unless the organic rules otherwise provide, a director does not serve the remainder of the director’s term if the director ceases to qualify to be a director.