18 Guam Code Ann. § 7119
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Terms Used In 18 Guam Code Ann. § 7119
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Any foreign corporation not formed, organized or existing under the laws of Guam shall be bound by all laws, rules and regulations applicable to domestic corporations of the same class, save and except such only as provided for the creation, formation, organization, or dissolution of corporations or such as fix the qualifications, relations, liabilities, responsibilities, or duties of members, stockholders, directors, or officers of the corporation to each other or to the corporation; provided, however, that nothing in this Section shall be construed to exempt any foreign corporation from compliance with the Business License Law, Division 3, Title 11 of the Guam Code, Annotated.
COL070307
18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 7 FOREIGN CORPORATIONS
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ARTICLE 2
FOREIGN LIMITED LIABILITY PARTNERSHIPS