Chapter 6

COL07030718GCA BUSINESS STRUCTURES &FUNCTION CH.6GENERAL PROVISIONS AFFECTING CORPORA TIONS 1CHAPTER 6 GENERAL PROVI SIONS AFFECTING CORPORA TIONS § 6101. Designation of Agent for Service of Process. § 6102. General Power . § 6103. Taking of Private Property . § 6101. Designation of Agent for Service of Process. Very domestic corporation may file with the Director of Revenue and Taxation a designa tion of a natural person, residing at a stated address in Guam, as its agent, for the purpose of service of process, and the delivery , to such agent, of a copy of any process against such corporation sha ll consti - tute valid service on such corporation. Such corporation shall file with the Director of Revenue and T axation notice of any change in the address of the person thus desig nated, and may revoke any such designation by filing notice thereof with th e Director of Revenue and T axation. Ifsuch designation has not been filed with the Director of Revenue and Taxation, or if process against any domestic corporation cannot, with the exercise of due diligence, be served upon the person designated or in any other manner provided by law, service may be had upon such corporation

cess against any domestic corporation cannot, with the exercise of due diligence, be served upon the person designated or in any other manner provided by law, service may be had upon such corporation bydelivering to the Director of Revenue and Taxation, or to any person employed in his office in the capacity of a deputy, duplicate copies of such process, together with a fee of Fort y Dollars ($40.00), which shall be included in the taxable costs of the suit, action, or proceeding. Upon the receipt of such process and fee, the Director of Revenue and Taxation shall forthwith give notice of the service of such process to the corporati on at its principal office in Guam, and shall deliver to such office, a copy of such process. The defendant shall appear and answer within thirty (30) days after such service upon the Director of Revenue and Taxation. SOURCE: CC § 403. References to Director of Finance changed to Revenue and Taxation by authority of P .L. 9 -228 (8/7/68). Amended by P .L. 29 -002:V:I:58 (May 18, 2007). CROSS -REFERENCES: See 7 GCA § 14105 relative to Service of Summons. § 6102. General Power .

evenue and Taxation by authority of P .L. 9 -228 (8/7/68). Amended by P .L. 29 -002:V:I:58 (May 18, 2007). CROSS -REFERENCES: See 7 GCA § 14105 relative to Service of Summons. § 6102. General Power . No right or remedy in favor of o r accrued against any corporation, its stockholders or officers, nor any liability in curred by any such corporation, its stockholders or officers, shall be removed or impaired either by the COL07030718GCA BUSINESS STRUCTURES &FUNCTION CH.6GENERAL PROVISIONS AFFECTING CORPORA TIONS 2subsequent dissolution of said corporation or by any subse quent a mendment or repeal of this Part or of any part or portion thereof. SOURCE: CC § 404. § 6103. T aking of Private Property. The right of eminent domain is not granted to any corpora tion in Guam. SOURCE: CC § 404a. NOTE: This section applies only to corpor ations created or autho rized under thi s Part. See 12 GCA for those public corpora tions which may exercise, or request the govern - ment to exercise, the power of eminent do main, such as the Guam Power Authority . ----------COL07030718GCA BUSINESS STRUCTURES &FUNCTION CH.6GENERAL PROVISIONS AFFECTING CORPORA TIONS