18 Guam Code Ann. § 7116
Terms Used In 18 Guam Code Ann. § 7116
- 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.
(b) If the foreign corporation does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the Director of the Department of Revenue and Taxation that each ground determined by the Director of the Department of Revenue and Taxation does not exist within sixty (60) days after issuance of notice is perfected under § 7113, the Director of the Department of Revenue and Taxation shall revoke the foreign corporation’s certificate of authority by signing a certificate of revocation that recites the ground(s) for revocation and its effective date.
(c) The authority of a foreign corporation to transact business on Guam ceases on the date shown on the notice of revocation of its certificate of authority.
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18 Guam Code Ann. BUSINESS STRUCTURES & FUNCTION
CH. 7 FOREIGN CORPORATIONS
(d) Service of process on a foreign corporation whose certificate of authority has been revoked may be made upon its registered agent, if any, or pursuant to § 7113.
(e) Revocation of a foreign corporation=s certificate of authority does not terminate the authority of the registered agent of the corporation.