Activities Not Constituting Doing Business

(a) Activities of a foreign cooperative which do not constitute doing business in Guam under this Article include: (1) maintaining, defending, mediating, arbitrating, or settling an action or proceeding; (2) carrying on any activity concerning its internal affairs, including holding meetings of its members or directors; (3) maintaining accounts in financial institutions; (4) conducting an isolated transaction that is not in the course of similar transactions; (5) doing business in interstate commerce. (b) A person does not do business in Guam solely by being a member or director of a foreign cooperative that does business in Guam. (c) This Section does not apply in determining the contacts or activities that may subject a foreign cooperative to service of process, taxation, or regulation under laws of Guam other than this Act.