12 Guam Code Ann. § 72110
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 12 Guam Code Ann. § 72110
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
Every borrower who receives a loan shall comply with the following conditions:
(a) Expend no portion of the loan for purposes other than those specified in this Chapter; and
(b) Make specific arrangements with the Clerk of Court, or claimant’s attorney, to direct that payment from the proceeds received from a judgement shall be made to the Land Claimants Small Loan Revolving Fund in repayment of his or her obligations to the Corporation.
SOURCE: GC §53610.9, as added by P.L. 16-111.