Guam § 4109 - Amendment of Articles.

§ 4109. Amendment of Articles.

Any corporation may amend its articles of incorporation by a majority

vote of its board of directors or trustees and the vote or written assent of

two-thirds (2/3) of its members, if it be a nonstock corporation, or, if it be a

stock corporation, by the vote or written assent of the stockholders repre-

senting at least two-thirds (2/3) of the subscribed capital stock of the

corporation. A copy of the articles of incorporation as amended, duly

certified to be correct by the president and the secretary of the corporation

and a majority of the board of directors or trustees, shall be filed in the

Department of Revenue and Taxation and attached to the original articles of

incorporation, and, from the time of filing such copy of the amended articles

of incorporation, the corporation shall have the same powers and the

members or stockholders thereof shall thereafter be subject to the same

liabilities as if such amendment had been embraced in the original articles

of incorporation; Provided, however, that the life of said corporation shall

not be extended by said amendment beyond the time fixed in the original

articles; And Provided, that the original articles and amended articles

together shall contain all provisions required by law to be set out in the

articles of incorporation; And Provided, further, that nothing in this section

shall be construed to authorize any corporation to increase or diminish its

capital stock or so as to affect any rights or actions which accrued to others

between the time of filing the original articles of incorporation and the filing

of the amended articles.

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18 GCA BUSINESS S TRUCTURES & FUNCTION