Activities Not Constituting Doing Business

(a)Activities of a foreign cooperative which do not constitute doing business in Guam under this Article include:

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

(2)carrying on any activity concerning its internal affairs, including holding meetings of its members or directors;

(3)maintaining accounts in financial institutions;

(4)conducting an isolated transaction that is not in the course of similar transactions;

(5)doing business in interstate commerce.

(b)A person does not do business in Guam solely by being a member or director of a foreign cooperative that does business in Guam.

(c)This Section does not apply in determining the contacts or activities that may subject a foreign cooperative to service of process, taxation, or regulation under laws of Guam other than this Act.