Resignation and Removal of Officers

18 GCA § 17823 — under Guam Uniform Limited Cooperative Association Act.

18 GCA § 17823

(a) The board of directors may remove an officer at any time with or without cause. (b) An officer of a limited cooperative association may resign at any time by giving notice in a record to the association. Unless the notice specifies a later time, the resignation is effective when the notice is given.

ARTICLE 9 INDEMNIFICATION