Dissolution. — Guam Code § 15120

§ 15120. Dissolution.

(a) A limited liability company organized under this

Chapter shall be dissolved upon the occurrence of any of the

following events:

(1) When the period fixed for the duration of the

limited liability company expires.

(2) By the unanimous written agreement of all mem-

bers.

(3) Upon the death, retirement, resignation, expulsion,

bankruptcy, or dissolution of a member or upon the occur-

rence of any other event which terminates the continued

membership of a member in the limited liability company,

unless the business of the limited liability company is

continued by the consent of all the remaining members or

under a right to continue stated in the articles of

organization of the liability company.

(b) As soon as possible following the occurrence of any of

the events specified in Subsection (a) which effects the dissolu-

tion of the limited liability company, the limited liability com-

pany shall execute a statement of intent to dissolve in the form

prescribed by the Department of Revenue and Taxation.