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60 chapters · 1,417 sections in this title.
18 GCA § 5102 Voluntary Dissolution. Application to Superior Court
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(a) A corporation may be dissolved at any time by the Superior Court upon the voluntary application of a majority of the members or of the stockholders holding at least two-thirds (2/3) of all shares of stock issued or subscribed. COL070307 (b) The Director of Revenue and Taxatio…
18 GCA § 5103 Extension of Corporate Existence
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Every corporation heretofore or hereafter formed, and existing under the laws of the Territory of Guam, may at any time prior to the expiration of the term of its corporate existence extend such term to a period not exceeding fifty (50) years from the date of such extension. Such…
18 GCA § 5104 Application, Contents of
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The application for dissolution must be in writing and shall set forth all claims and demands against the corporation, and that, at a meeting of the members or stockholders of the corporation called for that purpose, the dissolution of the corporation was resolved upon by a major…
18 GCA § 5105 Application, Signing by Majority
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The application for dissolution must be signed by a majority of the board of directors or other officers having the management of the affairs of the corporation and must be verified by the president or secretary or clerk or some director of the corporation. SOURCE: CC § 402a.