11.1812 Modification of corporation law as regards Qualifying American Samoa Foreign Sales Corporations.

Cite as [A.S.C.A. 11.1812]

(a) So long as a corporation is a Qualifying American Samoa Foreign Sales Corporation (within the meaning of 11.1807) and otherwise satisfies the requirements of this chapter, the Governor of American Samoa shall not act pursuant to 30.0102 to revoke, set aside, or alter the corporation’s certificate of incorporation.
(b) The requirement of 30.0105 that a corporation must maintain its principal place of business in American Samoa shall not apply to Qualifying American Samoa Foreign Sales Corporations.

History: 1984, PL 18-54 § 1.