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18 GCA § 17820

Other Considerations of Directors

Guam Code AnnotatedTitle 18 — Business Structure and Function
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(a)Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, shall consider:

(1)the interest of employees, customers, and suppliers of the association;

(2)the interest of the community in which the association operates; and

(3)other cooperative principles and values that may be applied in the context of the decision.

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