Guam § 17605 - Charging Order.
Full text of Guam Guam Code Annotated § 17605 — Charging Order., with citation guidance and answers to common questions.
§ 17605. Charging Order.
(a) On application by a judgment creditor of a member or transferee, The Superior Court of Guam may
enter a charging order against the financial rights of the judgment debtor for the unsatisfied amount of the
judgment. Except as otherwise provided in Subsection (f) of this Section, a charging order constitutes a lien
on the judgment debtor’s financial rights and requires the limited cooperative association to pay over to the
person to which the charging order was issued any distribution that otherwise would be paid to the judgment
debtor.
(b) To the extent necessary to effectuate the collection of distributions pursuant to a charging order
under Subsection (a) of this Section, the court may:
(1) appoint a receiver of the distributions subject to the charging order, with the power to make
all inquiries the judgment debtor might have made; and
(2) make all other orders necessary to give effect to the charging order.
(c) Upon a showing that distributions under a charging order will not pay the judgment debt within a
reasonable time, the court may foreclose the lien and order the sale of the financial rights. Except as
otherwise provided in Subsection (f) of this Section, the purchaser at the foreclosure sale obtains only the
financial rights that are subject to the charging order, does not thereby become a member, and is subject to
Frequently Asked Questions About Guam § 17605
What does Guam Code Annotated § 17605 cover?
Section 17605 ("Charging Order.") 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 § 17605?
A common citation format is "Guam Code Annotated § 17605" (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 § 17605 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.