Effect of Certificate of Authority

(a)A certificate of authority authorizes the foreign corporation to which it is issued to transact business on Guam; subject, however, to the right of the government of Guam to suspend or revoke such authority and certificate as provided in this Chapter and all applicable laws of Guam.

(b)A foreign corporation with a valid certificate of authority under this Chapter shall, until the certificate is revoked or withdrawn, have the same, but no greater rights and has the same but no greater privileges as, and except as otherwise provided by this Chapter, is subject to the same duties, restrictions, penalties, and liabilities now or later imposed upon, a domestic corporation of like character.

(c)This Chapter does not authorize the government of Guam to regulate the organization or internal affairs of a foreign corporation authorized to transact business on Guam.