Guam § 7114 - Withdrawal of Foreign Corporation.

Full text of Guam Guam Code Annotated § 7114 — Withdrawal of Foreign Corporation., with citation guidance and answers to common questions.

§ 7114. Withdrawal of Foreign Corporation.

(a) A foreign corporation authorized to transact business on Guam may

not withdraw from Guam until it obtains a certificate of withdrawal from

the Director of the Department of Revenue and Taxation.

(1) A foreign corporation authorized to transact business on Guam

may apply for a certificate of withdrawal by delivering an application

to the Director of the Department of Revenue and Taxation for filing.

The application must set forth:

(i) the name of the foreign corporation and the name of the

state or country under whose law it is incorporated;

(ii) that the corporation is not transacting business on Guam

and that it surrenders its authority to transact business on Guam;

(iii) that the corporation revokes the authority of its

registered agent to accept service of process on its behalf, and

consents that service of process in any action, suit or proceeding

based upon any cause of action during the time it was authorized

to transact business on Guam may thereafter be made on such

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corporation by service upon the Director of the Department of

Revenue and Taxation;

(iv) appoints the Director of the Department of Revenue and

Taxation as its agent for a mailing address at which the service

may be made under Paragraph (iii) of this Subsection;

(v) a commitment to notify the Director of the Department

of Revenue and Taxation in the future of any change in its

mailing address; and

(vi) such additional information as may be necessary or

appropriate in order to enable the Director of the Department of

Revenue and Taxation to determine and assess any unpaid fees or

taxes payable by such foreign corporation.

(b) Such application may be made on forms prescribed and furnished

by the Director, of the Department of Revenue and Taxation and shall be

executed in duplicate by the corporation by its president, a vice-president

and by its secretary or an assistant secretary, and verified by one (1) of the

officers signing such application.

(c) After the withdrawal of the corporation is effective, service of

process on the Director of the Department of Revenue and Taxation under

this Section is service upon the foreign corporation. Upon receipt of

process, the Director of the Department of Revenue and Taxation shall mail

a copy of the process to the foreign corporation at the mailing address set

forth under Subsection (b).

(d) The filing fee for application for a certificate of withdrawal shall

be Twenty-five Dollars ($25.00).

Source: official Guam text · Last verified 2026-08-27

Frequently Asked Questions About Guam § 7114

What does Guam Code Annotated § 7114 cover?

Section 7114 ("Withdrawal of Foreign Corporation.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Guam § 7114?

A common citation format is "Guam Code Annotated § 7114" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Guam law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.

How does Guam § 7114 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Guam.