Guam § 6107 - Management and Control of Community Personal Property.

§ 6107. Management and Control of Community Personal Property.

(a) Except as provided in Subsections (b), (c), (e) and (f) of this Sec-

tion, either spouse alone has full power to manage, control, dispose of and

encumber the entire community personal property.

(b)(1) If only one spouse is named in a document evidencing

ownership of community personal property then only the spouse so

named may manage, control, dispose of or encumber such property.

(2) If only one spouse is named or designated in a written

agreement between that spouse and a third party as having sole

authority to manage, control, dispose of or encumber the community

personal property which is described in or which is the subject of the

agreement, only the spouse so named may manage, control, dispose of

or encumber such property.

(3) This Subsection shall apply whether the agreement was

executed prior to or after July 1, 1980.

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(c)(1) If both spouses are named in a document evidencing

ownership of community personal property then both spouses must join

to dispose of or encumber such property.

(2) If both spouses are named or designated in a written agreement

with a third party as having joint authority to dispose of or encumber

the community personal property which is described in or the subject of

the agreement then both spouses must join to dispose of or encumber

such property.

(3) This Subsection shall apply whether the agreement was

executed prior to or after July 1, 1980.

(d)(1) In a document evidencing ownership of community personal

property where the names of the spouses are joined by the word, or, or

by the words, and/or, either spouse alone may dispose of or encumber

such property.

(2) In a document evidencing ownership of community personal

property where the names of the spouses are joined by the word, and,

both spouses must join to dispose of or encumber such property.

(e) A spouse may not make a gift of or dispose of community personal

property without a valuable consideration, without the written consent of the

other spouse.

(f) A spouse may not sell, convey or encumber the furniture, furnishings

or fittings of the home, or the clothing or wearing apparel of the other spouse

or minor children which is community personal property, without the written

consent of the other spouse.

(g) Each spouse shall act in good faith with respect to the other spouse

in the management and control of the community personal property.