Guam § 17120 - Resignation of Registered Agent.
Full text of Guam Guam Code Annotated § 17120 — Resignation of Registered Agent., with citation guidance and answers to common questions.
§ 17120. Resignation of Registered Agent.
(a) A registered agent may resign as agent for a limited cooperative association or registered foreign
cooperative by delivering to the Director of Revenue and Taxation for filing a statement of resignation that
states:
(1) the name of the association or foreign cooperative;
(2) the name of the agent;
COL 2025-04-22
(3) that the agent resigns from serving as registered agent for the association or foreign
cooperative; and
(4) the address of the association or foreign cooperative to which the agent will send the notice
required by Subsection (c) of this Section.
(b) A statement of resignation takes effect on the earlier of:
(1) the thirty-first (31st) working day after the day on which it is filed by the Director; or
(2) the designation of a new registered agent for the limited cooperative association or registered
foreign cooperative.
(c) A registered agent shall promptly furnish to the limited cooperative association or registered
foreign cooperative notice in a record of the date on which a statement of resignation was filed.
(d) When a statement of resignation takes effect, the registered agent ceases to have responsibility
under this Act for any matter thereafter tendered to it as agent for the limited cooperative association or
registered foreign cooperative. The resignation does not affect any contractual rights the association or
foreign cooperative has against the agent or that the agent has against the association or foreign cooperative.
(e) A registered agent may resign with respect to a limited cooperative association or registered foreign
cooperative whether or not the association or foreign cooperative is in good standing.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17120
What does Guam Code Annotated § 17120 cover?
Section 17120 ("Resignation of Registered Agent.") 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 § 17120?
A common citation format is "Guam Code Annotated § 17120" (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 § 17120 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.