18 Guam Code Ann. § 7112
Terms Used In 18 Guam Code Ann. § 7112
- 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.
- Fraud: Intentional deception resulting in injury to another.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 7 FOREIGN CORPORATIONS
The Attorney General may bring an action to restrain a foreign corporation from transacting business on Guam without authority any business for which authority is required by this Chapter; any business which it is not authorized to do in its jurisdiction of incorporation, or which it is not authorized to do under this Chapter, or which it is transacting without securing any license or other authority required under the laws of Guam; any business, authority for which was obtained through fraud, misrepresentation or concealment of a material fact. A certified copy of any order or judgment restraining or enjoining any such corporation from doing business, or a particular business, on Guam shall be filed with the Director of the Department of Revenue and Taxation.