Guam § 7115 - Grounds for Revocation of Certificate of Authority.

§ 7115. Grounds for Revocation of Certificate of Authority.

The Director of the Department of Revenue and Taxation may

commence a proceeding under § 7116 of this Title to revoke the certificate

of authority of a foreign corporation authorized to transact business on

Guam if:

(a) the foreign corporation does not deliver its annual report to the

Director of the Department of Revenue and Taxation within sixty (60) days

after it is due;

(b) the foreign corporation does not pay within sixty (60) days after

they are due any fees or penalties imposed under this Chapter or other law;

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(c) the foreign corporation is without a registered agent or registered

office on Guam for sixty (60) days or more;

(d) the Director of the Department of Revenue and Taxation has

credible information that the foreign corporation has failed to notify the

Director of the Department of Revenue and Taxation within sixty (60) days

of the occurrence that its registered agent or registered office has changed,

that its registered agent has resigned or that its registered office has been

discontinued;

(e) the Director of the Department of Revenue and Taxation has

credible information that an incorporator, director, officer or agent of the

foreign corporation signed a document that that person knew was false in

any material respect, with intent that the document be delivered to the

Director of the Department of Revenue and Taxation for filing; or

(f) the Director of the Department of Revenue and Taxation receives a

duly authenticated certificate from the official having custody of corporate

records in the state or country under whose law the foreign corporation is

incorporated, stating that it has been dissolved or disappeared as a result of

a merger.