Guam § 281404 - Revocation of Dissolution.

§ 281404. Revocation of Dissolution.

(a) A corporation may revoke its dissolution within one hundred twenty

(120) days of its effective date.

(b) Revocation of dissolution must be authorized in the same manner as

the dissolution was authorized unless that authorization permitted revocation

by action of the board of directors alone, in which event the board of

directors may revoke the dissolution without shareholder action.

(c) After the revocation of dissolution is authorized, the corporation

may revoke the dissolution by delivering to the Director of Revenue &

Taxation for filing articles of revocation of dissolution, together with a copy

of its articles of dissolution, that set forth:

(1) the name of the corporation;

(2) the effective date of the dissolution that was revoked;

(3) the date that the revocation of dissolution was authorized;

(4) if the corporation’s board of directors (or incorporators)

revoked the dissolution, a statement to that effect;

(5) if the corporation’s board of directors revoked a dissolution

authorized by the shareholders, a statement that revocation was

COL372014

18 GCA BUSINESS STRUCTURE & FUNCTION

permitted by action by the board of directors alone pursuant to that

authorization; and

(6) if shareholder action was required to revoke the dissolution, the

information required by § 281403 (a)(3).

(d) Revocation of dissolution is effective upon the effective date of the

articles of revocation of dissolution.

(e) When the revocation of dissolution is effective, it relates back to and

takes effect as of the effective date of the dissolution and the corporation

resumes carrying on its business as if dissolution had never occurred.