19 Guam Code Ann. § 41301
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Terms Used In 19 Guam Code Ann. § 41301
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Personal property: All property that is not real property.
A gift is a transfer of personal property, made voluntarily, and without consideration.
SOURCE: CC ‘1146.
SOURCE: CC ‘1146.