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18 GCA § 28809

Vacancy on Board

Guam Code AnnotatedTitle 18 — Business Structure and Function
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(a)Unless the articles of incorporation provide otherwise, if a vacancy occurs on a board of directors, including a vacancy resulting from an increase in the number of directors:

(1)the shareholders may fill the vacancy;

(2)the board of directors may fill the vacancy; or

(b)If the vacant office was held by a director elected by a voting group of shareholders, only the holders of shares of that voting group are entitled to vote to fill the vacancy if it is filled by the shareholders.

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