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Terms Used In 18 Guam Code Ann. § 7108

  • 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.
(a) Each foreign corporation authorized to transact business on Guam
shall continuously maintain on Guam:

(1) a registered office that may be the same as any of its places of business; and

(2) a registered agent, who shall be:

(i) an individual who resides on Guam and whose business office is identical to the registered office;

(ii) a domestic corporation or nonprofit domestic corporation whose business office is identical with the registered office; or

(iii) a foreign corporation or foreign nonprofit corporation authorized to transact business on Guam whose business office is identical with the registered office.

(b) A registered agent appointed pursuant to this Section or a successor registered agent appointed pursuant to § 7109 on whom process may be

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

served shall each file a statement in writing with the Department, in such form and manner as shall be prescribed by the Director of the Department of Revenue and Taxation, accepting the appointment as a registered agent simultaneously with the registered agent being designated. Such statement of acceptance shall state that the registered agent is familiar with, and accepts, the obligations of that position.