18 Guam Code Ann. § 15110
Terms Used In 18 Guam Code Ann. § 15110
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
(1) There is a change in the name of the limited liability company or in the amount or character of the contributions to capital.
(2) There is a change in the character of the business of the limited liability company.
(3) There is a false or erroneous statement in the articles of organization.
(4) There is a change in the time as stated in the articles of organization for the dissolution of the limited liability company.
(5) A time is fixed for the dissolution of the limited liability company, if no time is specified in the articles of organization.
(6) The members desire to make a change in any other statement in the articles of organization in order for it to accurately represent the agreement between them.
(b) The form for evidencing an amendment to the articles of organization of a limited liability company shall be promulgated by the Department of Revenue and Taxation and shall contain such terms and provisions consistent with this Chapter as shall be determined by the Department of Revenue and Taxation. The amendment shall be signed and sworn to by all members, and an amendment adding a new member shall be signed also by the member to be added; thereafter the amendment shall be forwarded to the Department of Revenue and Taxation for filing, accompanied by the requisite filing fee.