Guam § 7306 - Activities not Constituting Transacting Business.

§ 7306. Activities not Constituting Transacting Business.

(a) Activities of a foreign limited liability company that do not

constitute transacting business in Guam within the meaning of this Article

to include:

(1) maintaining, defending, or settling an action or proceeding;

(2) holding meetings of its members or managers or carrying on

any other activity concerning its internal affairs;

(3) maintaining bank accounts;

(4) maintaining offices or agencies for the transfer, exchange, and

registration of the foreign company=s own securities or maintaining

trustees or depositories with respect to those securities;

(5) selling through independent contractors;

(6) soliciting or obtaining orders, whether by mail or through

employees or agents or otherwise, if the orders require acceptance

outside Guam before they become contracts;

(7) creating or acquiring indebtedness, mortgages, or security

interests in real or personal property;

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(8) securing or collecting one=s own debts or enforcing mortgages

or other security interests in property securing one=s own debts, and

holding, protecting, and maintaining property so acquired;

(9) conducting an isolated transaction that is completed within

thirty (30) days and is not one (1) in the course of similar transactions

of a like manner; and

(10) transacting business in interstate commerce.

(b) For purposes of this Article, the ownership in this Guam of

income-producing real property or tangible personal property, other than

property excluded under Subsection (a), constitutes transacting business in

Guam.

(c) This Section does not apply in determining the contacts or activities

that may subject a foreign limited liability company to service of process,

taxation, or regulation under any other law of Guam.