22 Guam Code Ann. § 15207
Terms Used In 22 Guam Code Ann. § 15207
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
(1) file with the clerk of the court in which such action, suit or proceeding is pending a bond with good and sufficient sureties, to be approved by the court, in an amount to be fixed by the court sufficient to secure the payment of any final judgment which may be rendered in such action; or
22 Guam Code Ann. BUSINESS REGULATIONS
CH. 15 BUSINESS OF INSURANCE
(2) procure a certificate of authority to transact the business of insurance in this territory.
(b) The court in any action, suit, or proceeding, in which service is made in the manner provided in subsection (b) or (c) of
§ 15205 may order such postponement as may be necessary to afford the defendant reasonable opportunity to comply with the
provisions of subsection (a) of this section and to defend such action.
(c) Nothing in subsection (a) of this section is to be construed to prevent an unauthorized insurer from filing a motion to quash a writ or to set aside service therefor made in the manner provided in subsections (b) or (c) of § 15205 hereof on the ground either (1) that no policy or contract of insurance has been issued or delivered to a citizen or resident of this territory or to a corporation authorized to do business therein, or (2) that such insurer has not been transacting business in this territory, or (3) that the person on whom service was made pursuant to subsection (c) of § 15205 was not doing any of the acts therein enumerated.
SOURCE: GC § 43131.