Voting Agreements

18 GCA § 28718 — under Guam Business Corporation Act.

18 GCA § 28718

(a) Two or more shareholders may provide for the manner in which they will vote their shares by signing an agreement for that purpose. A voting agreement created under this section is not subject to the provisions of § 28717. (b) A voting agreement created under this section is specifically enforceable. (c) No agreement made pursuant to subsection(a) shall be held to be invalid or unenforceable on the ground that it is a voting trust or a shareholder agreement that does not comply with § 28717 or § 28719, or that it is a proxy that does not comply with § 28710. Neither this section nor sections 28717 or 28719 shall invalidate any voting or other agreement among shareholders or any irrevocable proxy complying with § 28710, which agreement or proxy is not otherwise illegal.

COL372014