Correcting Filed Record

(a)A person on whose behalf a filed record was delivered to the Director of Revenue and Taxation for filing may correct the record if:

(1)the record at the time of filing was inaccurate;

(2)the record was defectively signed; or

(3)the electronic transmission of the record to the Director was defective.

(b)To correct a filed record, a person on whose behalf the record was delivered to the Director must deliver to the Director for filing a statement of correction.

(c)A statement of correction:

(1)may not state a delayed effective date;

(2)must be signed by the person correcting the filed record;

(3)must identify the filed record to be corrected;

(4)must specify the inaccuracy or defect to be corrected; and CH. 17 THE GUAM UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT

(5)must correct the inaccuracy or defect.

(d)A statement of correction is effective as of the effective date of the filed record that it corrects except as to persons relying on the uncorrected filed record and adversely affected by the correction. For those purposes and as to those persons, the statement of correction is effective when filed.