Terms Used In 18 Guam Code Ann. § 7110

  • 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.
  • 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) The registered agent of a foreign corporation may resign the registered agent=s agency appointment upon signing and delivering to the
Director of the Department of Revenue and Taxation for filing the original and two (2) exact or conformed copies of a statement of resignation. The statement of resignation may include a statement that the registered office is also discontinued.

(b) After filing the statement, the Director of the Department of Revenue and Taxation shall attach the filing receipt to one (1) copy and mail the copy and receipt to the registered office if not discontinued. The Director of the Department of Revenue and Taxation shall mail the other
copy to the foreign corporation at the foreign corporation=s mailing address
or the foreign corporation=s principal office address shown in its most
recent annual report.

(c) The agency appointment is terminated, and the registered office discontinued if so provided in the signed statement under Subsection (a) of this Section, on the thirty-first (31st) day after the date on which the statement was filed.

§ 7111. Amendment to Articles of Incorporation of Foreign
Corporation.

(a) Whenever the Articles of Incorporation of a foreign corporation authorized to transact business on Guam are amended, such foreign corporation shall, within thirty (30) days after such amendment becomes effective, file in the office of the Director of the Department of Revenue and Taxation a copy of such amendment duly authenticated by the proper officer of the state or country under the laws of which it is incorporated; provided, the filing thereof shall not of itself enlarge or alter the purpose or purposes which such corporation is authorized to pursue in the transaction of business on Guam, nor authorize such corporation to transact business on Guam under any other name than the name set forth in its certificate of authority.

(b) The filing fee for application for amendment to Articles of
Incorporation shall be Fifty Dollars ($50.00).