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Terms Used In 18 Guam Code Ann. § 15116

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
ect; 15116 (A). Distribution of Money or Property to Members.
§ 15116 (B). Entitlement of Member to Receive Distributions
Prior to Withdrawal or Dissolution.
§ 15116 (C). Withdrawal of Member; Notice; Entitlement to
Distribution.
§ 15116 (D). Distribution in Form Other than Money; Distribution of Assets.
§ 15116 (E). Requirement to Make Distribution.
§ 15116 (F). Personal Liability of Manager or Member who
Votes for Unlawful Distribution.