lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In 12 Guam Code Ann. § 64115

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Person: shall include the plural as well as the singular. See
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
If any section, part, phrase or provision of this Chapter or the application thereof to any person, project or circumstances, be adjudged invalid by any court of competent jurisdiction, such judgment shall be confined in its operation to the section part, phrase, provision or application directly involved in the controversy in which such judgment shall have been rendered and shall not effect or impair the validity of the remainder of this Chapter or the application thereof to other persons, projects or circumstances.

SOURCE: GC §53588.14, as added by P.L. 16-66.

§ 64116. Property of Authority; Exemption From Execution or
Other Judicial Process.

COL120106
12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 64 PROJECT REVENUE BONDS

All property of the Authority shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same nor shall any judgment against the Authority be a charge or lien upon its property; provided, that nothing herein contained shall apply to or limit the rights of the holder of any bonds to pursue any remedy for the enforcement of any pledge of lien given by the Authority on or with respect to any project or any revenues or other money.

SOURCE: GC §53588.15, as added by P.L. 16-66.

———-

COL120106

  Previous section
Next section  
 Chapter 64 Contents