Guam § 281702 - Application to Domestic Corporations.

§ 281702. Application to Domestic Corporations.

This Act shall apply except as provided in § 281703 (b) to all

corporations incorporated on or after the effective date of this Act. This Act

shall not apply to any corporation incorporated prior to the effective date of

this Act, except that it shall apply:

(a) to any corporation incorporated after the enactment of this Act

into law and prior to its effective date, if the articles of incorporation of

such corporation state that this Act shall apply to such corporation;

(b) to any other corporation if its articles of incorporation are

amended, in accordance with the provisions of its articles of

incorporation, bylaws, and law applicable to such corporation, without

regard to this Act, to provide that this Act shall apply to such

corporation;

(c) to any corporation incorporated prior to the effective date of

this Act and of limited duration, which extends its duration upon such

extension; and

(d) to any corporation which engages as acquiring or surviving

corporation in a share exchange or merger under this Act with a

corporation subject to this Act.