{"data":{"id":"us-gu/18-gca-281401","jurisdiction":"us-gu","citation":"18 GCA § 281401","heading":"Dissolution by Incorporators or Initial Directors.","body":"A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the Director of Revenue \u0026 Taxation for filing articles of dissolution that set forth:\n(a) the name of the corporation;\n(b) the date of its incorporation;\n(c) either:\n(1) that none of the corporation’s shares has been issued or\n(2) that the corporation has not commenced business;\n(d) that no debt of the corporation remains unpaid;\n(e) that the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and\n(f) that a majority of the incorporators or initial directors authorized the dissolution.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 5 - Guam Business Corporation Act","Chapter 28: Guam Business Corporation Act","ARTICLE 14: DISSOLUTION"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc028.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:55:38Z","sha256":"a43b68153b12fa8a89786b65d0e398b7ff870a7da3278ddfc4b4b72195bbea06","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-281312","next":"us-gu/18-gca-281402"},"notice":"GroundRules: Original legal text. Not legal advice."}