18 Guam Code Ann. § 7106
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Terms Used In 18 Guam Code Ann. § 7106
- 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.
(a) A certificate of authority authorizes the foreign corporation to which it is issued to transact business on Guam; subject, however, to the right of the government of Guam to suspend or revoke such authority and certificate as provided in this Chapter and all applicable laws of Guam.
(b) A foreign corporation with a valid certificate of authority under this Chapter shall, until the certificate is revoked or withdrawn, have the same, but no greater rights and has the same but no greater privileges as, and except as otherwise provided by this Chapter, is subject to the same duties, restrictions, penalties, and liabilities now or later imposed upon, a domestic corporation of like character.
(c) This Chapter does not authorize the government of Guam to regulate the organization or internal affairs of a foreign corporation authorized to transact business on Guam.