Guam § 141113 - Other Powers Upon Liquidation.
Full text of Guam Guam Code Annotated § 141113 — Other Powers Upon Liquidation., with citation guidance and answers to common questions.
§ 141113. Other Powers Upon Liquidation.
The commissioner in his discretion may accept approved claims
against any association in his possession for liquidation, based on
investment certificates, or on shares in the case of any association in
which shareholders shall have heretofore been granted the right and
option by the association to exchange their shares for investment
certificates of equal value, issued by such association and approved
claims of general creditors against it in partial or full payment for real
property of such association, with the approval of the court, after a
hearing on such notice as the court shall prescribe. Claims received in
payment pursuant to this section shall be accepted at their respective
surrender values as estimated by the commissioner and fixed and
determined by the court and all such claims shall thereafter be canceled.
The commissioner in his discretion may reduce the rate of interest to
be paid on any loan held by any association in liquidation, renew, extend
the time of payment of, reduce the amount of the monthly payments of,
or rewrite any such loan; and may make additional advances for the
purpose of preserving the security of any such loan.
Frequently Asked Questions About Guam § 141113
What does Guam Code Annotated § 141113 cover?
Section 141113 ("Other Powers Upon Liquidation.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 141113?
A common citation format is "Guam Code Annotated § 141113" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 141113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.