Registration of Name

(a)A foreign cooperative not registered to do business in Guam under Article 15 of this Act may register its name, or an alternate name adopted pursuant to § 171506, if the name is distinguishable upon on the records of the Director of Revenue and Taxation from the names that are not available under § 17113.

(b)To register its name or an alternate name adopted pursuant to § 171506, a foreign cooperative must deliver to the Director for filing an application stating the cooperative’s name, the jurisdiction and date of its formation, and any alternate name adopted pursuant to § 171506. If the Director finds that the name applied for is available, the Director shall register the name for the applicant’s exclusive use.

(c)The registration of a name under this Section is effective for one

(1)year after the date of registration.

(d)A foreign cooperative whose name registration is effective may renew the registration for successive one

(1)year periods by delivering, not earlier than three

(3)months before the expiration of the registration, to the Director for filing a renewal application that complies with this Section. When filed, the renewal application renews the registration for a succeeding one

(1)year period.

(e)A foreign cooperative whose name registration is effective may register as a foreign cooperative under the registered name or consent in a signed record to the use of that name by another person that is not an individual. CH. 17 THE GUAM UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT