Guam § 171214 - Administrative Dissolution.
Full text of Guam Guam Code Annotated § 171214 — Administrative Dissolution., with citation guidance and answers to common questions.
§ 171214. Administrative Dissolution.
(a) The Director of Revenue and Taxation shall commence a proceeding under Subsection (b) of this
Section to dissolve a limited cooperative association administratively if the association does not:
(1) pay any fee, tax, interest, or penalty required to be paid to the Director no later than six (6)
months after it is due;
(2) deliver an annual report to the Director no later than six (6) months after it is due; or
(3) have a registered agent in Guam for sixty (60) consecutive calendar days.
(b) If the Director determines that one (1) or more grounds exist for administratively dissolving a
limited cooperative association, the Director shall serve the association with notice in a record of such
determination.
(c) If a limited cooperative association, no later than sixty (60) days after service of the notice under
Subsection (b) of this Section, does not cure or demonstrate to the satisfaction of the Director the
nonexistence of each ground determined by the Director, they shall administratively dissolve the association
by signing a statement of administrative dissolution that recites the grounds for dissolution and the effective
date of dissolution. The Director shall file the statement and serve a copy on the association pursuant to §
17122.
(d) A limited cooperative association that is administratively dissolved continues in existence as an
entity but may not carry on any activities except as necessary to wind up its activities and affairs and
liquidate its assets under §§ 171206 and 171208 through 171213, or to apply for reinstatement under §
171215.
(e) The administrative dissolution of a limited cooperative association does not terminate the authority
of its registered agent.
Frequently Asked Questions About Guam § 171214
What does Guam Code Annotated § 171214 cover?
Section 171214 ("Administrative 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 § 171214?
A common citation format is "Guam Code Annotated § 171214" (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 § 171214 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.