Title 11 — Finance and Taxation
59 chapters · 1,261 sections in this title.
11 GCA § 119101 Description of Guarantee Stock
1.9K chars
Guarantee stock shall be of one class, shall have a par value of not less than ten dollars ($10) per share, and the proceeds thereof to the extent of such par value shall be set apart and, except to the extent that stock shall be reduced as hereinafter provided in this Section, s…
11 GCA § 119102 Permit Required for Sale of Guarantee Stock
3.1K chars
No association shall sell, except upon a sale for a delinquent COL120106 11 GCAFINANCE & TAXATION assessment made in accordance with the provisions of Chapter 3, Title 18, Guam Code Annotated, or offer for sale, negotiate for the sale of, or take subscriptions for, or issue any o…
11 GCA § 119103 Ownership of Guarantee Stock
0.2K chars
Guarantee stock of any Association may be legally and beneficially owned only by citizens of the United States, citizens of Palau and citizens of the Federated States of Micronesia. SOURCE: GC §41202. Amended by P.L. 23-133:1. ---------- COL120106