Guam § 15124 - Articles of Dissolution.
Full text of Guam Guam Code Annotated § 15124 — Articles of Dissolution., with citation guidance and answers to common questions.
§ 15124. Articles of Dissolution.
When all debts, liabilities, and obligations of the limited
liability company have been paid or discharged, or adequate
provision has been made therefore, and all of the remaining
property and assets of the limited liability company have been
distributed to the members, articles of dissolution shall be
executed and verified by the person signing the statement, which
statement shall set forth:
(a) The name of the limited liability company.
(b) The fact that the Department of Revenue and
Taxation has therefore filed a statement of intent to dissolve
the company and the date on which such statement was
filed.
(c) The fact that all debts, obligations, and liabilities
have been paid or discharged, or that adequate provision has
been made therefore.
(d) The fact that all the remaining property and assets
have been distributed among its members in accordance
with their respective rights and interests.
(e) The fact that there are no suits pending against the
company in any court or that adequate provision has been
made for the satisfaction of any judgment, order, or decree
which may be entered against it in any pending suit.
Frequently Asked Questions About Guam § 15124
What does Guam Code Annotated § 15124 cover?
Section 15124 ("Articles of Dissolution.") 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 § 15124?
A common citation format is "Guam Code Annotated § 15124" (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 § 15124 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.