18 GCA § 15103

Purpose

Guam Code AnnotatedTitle 18 — Business Structure and Function

(a)A limited liability company may be organized under this Chapter for any lawful purpose, except that special statutes for the regulation and control of specific types of business shall control when in conflict herewith.

(b)Subject to any limitations contained in the articles of organization and to compliance with any other applicable laws, a limited liability company may engage in any lawful business activity, except the banking or insurance business.

§ The story of this section

Enacted by P.L. 23-125 § 2 — introduced as Bill 610-23 · introduced by Felix P. Camacho + 2 cosponsors
Amended by P.L. 33-239 § 3 — introduced as Bill 409-33 · introduced by Michael F.Q. San Nicolas + 1 cosponsorWatch the public hearing · Dec 22, 2016

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.