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Terms Used In 18 Guam Code Ann. § 15111

  • 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.
  • Service of process: The service of writs or summonses to the appropriate party.
(a) Each limited liability company shall have and continuously maintain in Guam:

(1) A registered office, which may be, but need not be, the same as its place of business; and

(2) A registered agent, which agent may be either:

(A) An individual resident of Guam whose business office is identical with such registered office;

(B) A domestic corporation having a business office identical with such registered office; or

(C) A foreign corporation authorized to transact business on Guam and having a business office identical with such registered office.

(b) Each registered agent and each successor registered agent appointed pursuant to this Chapter on whom process may
be served shall file a statement in writing with the Department of Revenue and Taxation accepting the appointment as registered agent simultaneously with being designated, unless the agent signed the document making the appointment.

(c) The Department of Revenue and Taxation shall maintain an accurate record of the registered agents and registered office for the service of process and shall furnish any information disclosed thereby promptly upon request and payment of the required fee.

(d) No limited liability company shall maintain any action in any court until the limited liability company complies with the provisions of this section and pays to the Department of Revenue and Taxation a penalty of $1 for each day it has failed to comply, or $250, whichever amount is less.

2017 NOTE: Subitem designations altered pursuant to the authority of 1 Guam Code Ann. § 1606.