Activities not Constituting Transacting Business

(a)Activities of a foreign limited liability company that do not constitute transacting business in Guam within the meaning of this Article to include:

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

(2)holding meetings of its members or managers or carrying on any other activity concerning its internal affairs;

(3)maintaining bank accounts;

(4)maintaining offices or agencies for the transfer, exchange, and registration of the foreign company=s own securities or maintaining trustees or depositories with respect to those securities;

(5)selling through independent contractors;

(6)soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside Guam before they become contracts;

(7)creating or acquiring indebtedness, mortgages, or security interests in real or personal property; COL070307 CH. 7 FOREIGN CORPORATIONS

(8)securing or collecting one=s own debts or enforcing mortgages or other security interests in property securing one=s own debts, and holding, protecting, and maintaining property so acquired;

(9)conducting an isolated transaction that is completed within thirty

(30)days and is not one

(1)in the course of similar transactions of a like manner; and

(10)transacting business in interstate commerce.

(b)For purposes of this Article, the ownership in this Guam of income-producing real property or tangible personal property, other than property excluded under Subsection (a), constitutes transacting business in Guam.

(c)This Section does not apply in determining the contacts or activities that may subject a foreign limited liability company to service of process, taxation, or regulation under any other law of Guam.