Terms Used In 18 Guam Code Ann. § 28501

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • 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.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Service of process: The service of writs or summonses to the appropriate party.
Every domestic corporation may file with the Director of Revenue & Taxation a designation of a natural person, residing at a stated address in Guam, as its agent, for the purpose of service of process, and the delivery, to such agent, of a copy of any process against such corporation shall constitute valid service on such corporation. Such corporation shall file with the Director of Revenue & Taxation notice of any change in the address of the person thus designated, and may revoke any such designation by filing notice thereof with the Director of Revenue & Taxation.

If such designation has not been filed with the Director of Revenue & Taxation, or if process against any domestic corporation cannot, with the exercise of due diligence, be served upon the person designated or in any other manner provided by law, service may be had upon such corporation by delivering to the Director of Revenue & Taxation, or to any person employed in his office in the capacity of a deputy, duplicate copies of such process, together with any fee required by law, which shall be included in the taxable costs of the suit, action, or proceeding. Upon the receipt of such process and fee, the Director of Revenue & Taxation shall forthwith give notice of the service of such process to the corporation at its principal office in Guam, and

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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 28 GUAM BUSINESS CORPORATION ACT

shall deliver to such office, a copy of such process. The defendant shall appear and answer within thirty (30) days after such service upon the Director of Revenue & Taxation.

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ARTICLE 6
SHARES AND DISTRIBUTION

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