Guam § 10103 - Articles of Incorporation.

§ 10103. Articles of Incorporation.

COL070307

18 GCA BUSINESS S TRUCTURE & FUNCTION

In order to become a corporation sole, the bishop, chief priest, or

presiding elder of any religious denomination, society, or church must file

with the Director of Revenue & Taxation articles of incorporation setting

forth the following facts:

(a) That he is the bishop, chief priest, or presiding elder of his

religious denomination, society, or church and that he desires to

become a corporation sole.

(b) That the rules, regulations and discipline of his religious

denomination, society, or church are not inconsistent with his be-

coming a corporation sole;

(c) That as such bishop, chief priest, or presiding elder he is

charged with the administration of the temporalities and the manage-

ment of the estates and properties of his religious denomination,

society, or church within his territorial jurisdiction, describing it;

(d) The manner in which any vacancy occurring in the office of

bishop, chief priest, or presiding elder is required to be filled according

to the rules, regulations, or discipline of the religious denomination,

society, or church to which he belongs;

(e) The place where the principal office of the corporation sole is

to be established and located, which place must be within Guam.

(f) The fee for the filing of the articles of association or articles

of incorporation of a non-profit association shall be Fifty Dollars

($50.00).