Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In 18 Guam Code Ann. § 7105

  • 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.

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

(a) A foreign corporation authorized to transact business on Guam must obtain an amended certificate of authority from the Director of the Department of Revenue and Taxation if it changes:

(1) its corporate name;

(2) the period of its duration;

(3) the state or country of its incorporation; or

(4) if any, the purpose or purposes of the corporation which it proposes to pursue in the transaction of business on Guam, in addition to those set forth in its prior application for a certificate of authority.

(b) Such application shall be made within thirty (30) days after the occurrence of any change mentioned in Subsection (a).

(c) The requirements of § 7104 for obtaining an original certificate of authority apply to obtaining an amended certificate under this Section.

(d) The filing fee for application of an amended certificate of authority shall be Twenty-five Dollars ($25.00).