15 Guam Code Ann. § 3003
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Terms Used In 15 Guam Code Ann. § 3003
- Devise: To gift property by will.
- Legacy: A gift of property made by will.
- Probate: Proving a will
, at the hearing referred to in Section 3001(b) of this Title, it appears that all of the allegations of the petition are true, that the estate is but little indebted, and that the legacy, devise or share of the estate or any portion thereof may be distributed without loss to the creditors or injury to the estate or any person interested therein, the Superior Court shall make an order requiring the personal representative to deliver the share, or shares, of the estate or such portion or portions thereof as the Superior Court may direct, to the person or persons entitled thereto, upon receiving from such person or persons a bond or bonds executed and payable to the personal representative, in such sum or sums as the Superior Court may designate, conditioned on the payment whenever required of the proportion of the debts due from the estate, not exceeding the amount of the legacy or portions of the estate so ordered to be
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 30 DISTRIBUTION AND DISCHARGE
delivered, or upon receiving from such person some other form of security, such as is required of a personal representative under the provisions of Chapter 20 of this Title; or if the time for filing or presenting claims has expired and all claims are paid or sufficiently secured the Superior Court may so order distribution with or without bond or other form of security, as it may determine.
SOURCE: California Probate Code, § 1001; Guam Law Revision Commission.
COMMENT: See Comment to § 3001, supra.