A foreign limited liability company may cancel its registration by filing with the Department of Revenue and Taxation a certificate of cancellation signed by a person with authority to do so under the laws of the state of its organization. A cancellation does not terminate the authority of the Department of Revenue and Taxation to accept service of process on the foreign limited liability company with respect to causes of action arising out of the transaction of business in Guam.

§ 7308. Action, Suit, or Proceedings in Guam; Registration Requirement; Failure to Register; Penalty; Liability of Members for Company Debts and Obligations; Agent for Service of Process.

(a) A foreign limited liability company transacting business in Guam shall not maintain any action, suit, or proceeding in any court of Guam until it has registered in Guam.

(b) Any foreign limited liability company that transacts business in Guam without registration is subject to a penalty of Twenty Dollars ($20.00) for each day that unauthorized business is transacted, up to a maximum of Ten Thousand Dollars ($10,000.00).

(c) A member of a foreign limited liability company is not liable for the debts and obligations of the foreign limited liability company solely by reason of its having transacted business in Guam without registration.

COL070307
18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 7 FOREIGN CORPORATIONS

(d) A foreign limited liability company, transacting business in Guam without registration, appoints the Department of Revenue and Taxation as its agent for service of process with respect to causes of action arising out of the transaction of business in Guam.

§ 7309. Action to Restrain Foreign Company From Transacting
Business.

The Attorney General may bring an action to restrain a foreign limited liability company from transacting business in Guam in violation of this Chapter.