Guam § 281007 - Amendment Pursuant to Reorganization.

§ 281007. Amendment Pursuant to Reorganization.

(a) A corporation’s articles of incorporation may be amended without

action by the board of directors or shareholders to carry out a plan of

reorganization ordered or decreed by a court of competent jurisdiction under

the authority of a law of the United States.

(b) The individual or individuals designated by the court shall deliver to

the Director of Revenue & Taxation for filing articles of amendment setting

forth:

(1) the name of the corporation;

(2) the text of each amendment approved by the court;

(3) the date of the court’s order or decree approving the articles of

amendment;

(4) the title of the reorganization proceeding in which the order or

decree was entered; and

(5) a statement that the court had jurisdiction of the proceeding

under a law of the United States federal statute.

(c) This section does not apply after entry of a final decree in the

reorganization proceeding even though the court retains jurisdiction of the

proceeding for limited purposes unrelated to consummation of the

reorganization plan.