Guam § 106114 - Adverse Claim to Bank Deposit.

§ 106114. Adverse Claim to Bank Deposit.

Notice to any bank of an adverse claim to a deposit standing on its books to the credit of any person

shall not be effectual to cause said bank to recognize said adverse claimant unless said adverse claimant

shall also either procure a restraining order, injunction or other appropriate process against said bank from

a court of competent jurisdiction in a cause therein instituted by him wherein the person to whose credit the

deposit stands is made a party and served with summons or shall execute to said bank in form and with

sureties acceptable to it, a bond, indemnifying said bank from any and all liability, loss, damage, costs and

expenses, for and on account of the payment of such adverse claim or the dishonor of the check or other

order of the person to whose credit the deposit stands on the books of said bank; provided, that this law

shall not apply in any instance where the person to whose credit the deposit stands is a fiduciary for such

adverse claimant, and the facts constituting such relationship are also the facts showing reasonable cause

for relief on the part of the said claimant that the said fiduciary is about to misappropriate said deposit, are

made to appear by the affidavit of such claimant.