(a) Any corporation organized under the laws of American Samoa, or under the laws of any other territory, or any state or foreign country, which has complied with the laws of American Samoa relating to the organization of corporations and has secured a certificate of incorporation or permit to transact business in American Samoa, and any corporation that may hereafter be organized and become incorporated under the laws of American Samoa and secures a certificate of incorporation or permit to transact business in American Samoa, and any foreign corporation that may hereafter comply with the laws of American Samoa relating to foreign corporations and secure a permit to transact business within American Samoa must between 1 July and 1 August of each year, make an annual report to the Treasurer in such form as the Treasurer may prescribe, upon a blank to be prepared by the Treasurer for that purpose, and containing the following information:
(1) the name and post office address of the corporation:
(2) the amount of capital stock authorized;
(3) the amount of capital stock actually issued and outstanding;
(4) the par value of such stock, designating whether preferred or common stock, and the amount of each kind;
(5) the names and post office addresses of its officers and directors and whether any change of place and business has been made during the year previous to making said report;
(6) the indebtedness of the corporation as of the end of the year or within 75 days prior to the filing of the report, as well as such other in-formation as will show with reasonable certainty the financial conditions of the corporation.
(b) A corporation may file an affidavit by its president or vice-president and its secretary or assistant secretary stating that during the preceding year it has transacted no business in American Samoa and intends to transact no business in the future, whereupon, after payment of any fees due, it must have its certificate of authority canceled and be relieved of any obligation to file annual reports.History: 1962, PL 7-20.