Articles of Dissolution

COL372014 CH. 28 GUAM BUSINESS CORPORATION ACT

(a)At any time after dissolution is authorized, the corporation may dissolve by delivering to the Director of Revenue & Taxation for filing articles of dissolution setting forth:

(1)the name of the corporation;

(2)the date dissolution was authorized;

(3)if dissolution was approved by the shareholders, a statement that the proposal to dissolve was duly approved by the shareholders in the manner required by this Act and by the articles of incorporation.

(b)A corporation is dissolved upon the effective date of its articles of dissolution.

(c)For purposes of this subarticle, dissolved corporation means a corporation whose articles of dissolution have become effective and includes a successor entity to which the remaining assets of the corporation are transferred subject to its liabilities for purposes of liquidation.