Articles of Incorporation

COL070307 CH. 10 RELIGIOUS AND NONPROFIT CORPORATIONS In order to become a corporation sole, the bishop, chief priest, or presiding elder of any religious denomination, society, or church must file with the Director of Revenue & Taxation articles of incorporation setting forth the following facts:

(a)That he is the bishop, chief priest, or presiding elder of his religious denomination, society, or church and that he desires to become a corporation sole.

(b)That the rules, regulations and discipline of his religious denomination, society, or church are not inconsistent with his becoming a corporation sole;

(c)That as such bishop, chief priest, or presiding elder he is charged with the administration of the temporalities and the management of the estates and properties of his religious denomination, society, or church within his territorial jurisdiction, describing it;

(d)The manner in which any vacancy occurring in the office of bishop, chief priest, or presiding elder is required to be filled according to the rules, regulations, or discipline of the religious denomination, society, or church to which he belongs;

(e)The place where the principal office of the corporation sole is to be established and located, which place must be within Guam.

(f)The fee for the filing of the articles of association or articles of incorporation of a non-profit association shall be Fifty Dollars ($50.00).