Title 30, Corporations and Partnerships

(a) If proposed corporate action creating dissenters’ rights under section 30.0181 is authorized at a shareholders meeting, the corporation shall deliver a written dissenters’ notice to all shareholders who satisfied the requirements of section 30.0191. (b) The dissenters’ notice…

(a) A shareholder sent a dissenters’ notice described in section 30.0192 must demand payment, certify whether he acquired beneficial ownership of the shares before the date required to be set forth in the dissenters’ notice pursuant to section 30.0192(b)(3), and deposit his certi…

(a) The corporation may restrict the transfer of uncertificated shares from the date the demand for their payment is received until the proposed corporate action is taken or the restrictions released under section 30.0196. (b) The person for whom dissenters’ rights are asserted a…

(a) Except as provided in section 30.0197, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with section 30.0193 the amount the corporation estimates to be the fair value of his shares, p…

(a) If the corporation does not take the proposed action within 60 days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release the transfer restrictions imposed on uncertificated shares. (b) …

(a) A corporation may elect to withhold payment required by section 30.0195 from a dissenter unless he was the beneficial owner of the shares before the date set forth in the dissenters’ notice as the date of the first announcement to news media or to shareholders of the terms of…

(a) A dissenter may notify the corporation in writing of his own estimate of the fair value of his shares and amount of interest due, and demand payment of his estimate (less any payment under section 30.0195), or reject the corporation’s offer under section 30.0197 and demand pa…

(a) If a demand for payment under section 30.0198 remains unsettled, the corporation shall commence a proceeding within 60 days after receiving the payment demand and petition the court to determine the fair value of the shares and accrued interest. If the corporation does not co…

Any 3 or more persons of full age, a majority of whom shall be nationals of the United States, may incorporate themselves for the establishment of churches, colleges, seminaries, lyceums, libraries, fraternal lodges or societies, temperance societies, trade unions or other labor …

(a) The incorporators shall adopt, sign, and acknowledge articles of incorporation stating the name by which the corporation shall be known, the location of its principal office or place of business, its business or objects, the number of trustees, directors, managers or other of…

Amendments to articles of incorporation may be filed and receive approval as provided in 30.0202 for articles, and the fee therefore shall be $5 in each instance, and no amendment may be effective until the same is approved and the fee therefor is paid. History: 1962, PL 7-20; 19…

(a) Upon filing of the articles, the persons signing and acknowledging the same, and their associates and successors, shall become a body corporate, with the name stated in the articles, and may sue and be sued. (b) The corporation may have a corporate seal, alterable at its plea…

Upon the dissolution or winding up of an eleemosynary corporation, after paying or adequately providing for the debts and obligations of the corporation, the officers or persons in charge of the liquidation shall divide the remaining assets among the members in accordance with th…

Any foreign business corporation which has transacted business in American Samoa since 1 January 1954, or desires hereafter to transact business in American Samoa, and which has not a permit to do such business, shall file with the Treasurer a certified copy of its articles of in…

The application shall also contain a statement subscribed and sworn to by at least 2 of the principal officers of the corporation, setting forth the following: (1) the total authorized capital of the corporation; (2) the total paid-up capital of the corporation; (3) the total val…

The application for a permit to do business shall contain a stipulation that such permit shall be subject to all the provisions of (a) – (e) of 30.0101 and 30.0104, 30.0107, 30.0111, 30.0112, 30.0114, 30.0115, 30.0121, 30.0130, 30.0131, 30.0144, and 30.0301 through 30.0313. No ot…

The application must be forwarded to the Governor of American Samoa, via the Attorney General. If the Governor issues to such corporation a permit to transact business in American Samoa, a certified copy, together with the permit, must be forwarded to the Territorial Registrar to…

No foreign corporation may transact any business in American Samoa without first procuring a permit from the Governor to do so. Any foreign corporation which has transacted business in American Samoa since 1 January 1954 may continue to do so for 4 months after the effective date…

The permit, if issued by the Governor, shall state specifically the business which the corpora-tion may transact in American Samoa, and the corporation may transact no business in American Samoa other than that specified in the permit. History: 1962, PL 7-20, 1968, PL 10-64.

A permit is at all times subject to forfeiture or revocation by the Governor for misuse or nonuse; and the permission to transact business contained in such permit may be decreased in scope, abridged or set aside by the Governor, or made subject to conditions imposed by him upon …

Every foreign corporation, in order to receive a permit to do business in American Samoa, must have at least $10,000 of authorized capital stock and $5,000 of paid-in capital stock. History: 1962, PL 7-20

No foreign corporation may transact any business in American Samoa without having one or more known places of business in the same. History: 1962, PL 7-20

If the agent required by paragraph (6) of 30.0302 cannot be found within American Samoa, service of process may be made upon the corporation through the Treasurer of American Samoa by sending the original and 2 copies to him, and on the original of which he shall accept service o…

The Governor has power and authority to interrogate all foreign corporations, and the officers and agents thereof, applying to transact business in this territory, with respect to the character of business in which such corporations propose to engage in American Samoa, and with r…

(a) Every foreign corporation duly authorized to transact business in American Samoa must keep at its principal place of business in American Samoa correct books of account of all its business and transactions in American Samoa and of its business, its transactions, and its comme…

(a) Before a permit is issued authorizing a foreign corporation to transact business in American Samoa, the corporation shall pay a fee of $25 together with a recording fee of 25¢ per page upon $10,000 or less of money and property of such company actually within American Samoa, …

(a) Any foreign corporation that carries on its business in violation of the provisions of the sections enumerated on its permit to do business in American Samoa by its officers, agents, or otherwise, without having complied with the provisions of this chapter and having taken ou…

A nonprofit cooperative corporation may be organized pursuant to this chapter for the purpose of providing services at cost to its members, on a basis of equality of control of the corporations’ affairs. History: 1962, PL 7-17.

A nonprofit cooperative corporation may be incorporated in accordance with the provisions of chapters 01, 02, 03, and 05 of this title except that: (a) Voting powers must be one vote for each member, regardless of stock ownership. (b) Financial surpluses must be disposed of in ac…