18 GCA § 17823

Resignation and Removal of Officers

Guam Code AnnotatedTitle 18 — Business Structure and Function

(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

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