Guam § 4107 - Corporation: Organization and Commencement of Business;
Full text of Guam Guam Code Annotated § 4107 — Corporation: Organization and Commencement of Business;, with citation guidance and answers to common questions.
§ 4107. Corporation: Organization and Commencement of Business;
Time Limit.
If a corporation does not formally organize and commence the
transaction of its business or the construction of its works within two years
from the date of its incorporation, its corporate powers cease. The due
incorporation of any corporation claiming in good faith to be a corporation
under this Part and its right to exercise corporate powers shall not be
inquired into collaterally in any private suit to which the corporation may be
a party, but such inquiry may be had at the suit of the government of Guam
on information of the Attorney General.
COL021307
18 GCA BUSINESS S TRUCTURES & FUNCTION
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 4107
What does Guam Code Annotated § 4107 cover?
Section 4107 ("Corporation: Organization and Commencement of Business;") 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 § 4107?
A common citation format is "Guam Code Annotated § 4107" (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 § 4107 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.