Guam § 15607 - Priority of Special Deposit Claims.
Full text of Guam Guam Code Annotated § 15607 — Priority of Special Deposit Claims., with citation guidance and answers to common questions.
§ 15607. Priority of Special Deposit Claims.
The owners of special deposit claims against an insurer for
which a receiver is appointed in this or any other states shall be
given priority against their several special deposits in accordance
with the provisions of the statutes governing the creation and
maintenance of such deposits. If there is a deficiency in any such
deposit so that the claims secured thereby are not fully discharged
therefrom, the claimants may share in the general assets, but such
sharing shall be deferred until general creditors, and also
claimants against other special deposits who have received
smaller percentages from their respective special deposits, have
been paid percentages of their claims equal to the percentages paid
from the special deposit.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 15607
What does Guam Code Annotated § 15607 cover?
Section 15607 ("Priority of Special Deposit Claims.") 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 § 15607?
A common citation format is "Guam Code Annotated § 15607" (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 § 15607 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.