Guam § 20501 - Appointment of Receivers.

§ 20501. Appointment of Receivers.

A receiver may be appointed by the court in which an action is

pending, or by the judge thereof:

1. In an action by a vendor to vacate a fraudulent purchase of

property, or by a creditor to subject any property or fund to his claim,

or between partners or others jointly owning or interested in any

property or fund, on the application of the plaintiff, or of any party

whose right to or interest in the property or fund, or the proceeds there-

of, is probable, and where it is shown that the property or fund is in

danger of being lost, removed, or materially injured;

2. In an action by a mortgagee for the foreclosure of his

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mortgage and sale of the mortgaged property, where it appears that the

mortgaged property is in danger of being lost, removed, or materially

injured; or that the condition of the mortgage has not been performed,

and that the property is probably insufficient to discharge the mortgage

debt;

3. After judgment, to carry the judgment into effect;

4. After judgment, to dispose of the property according to the

judgment, or to preserve it during the pendency of an appeal, or in

proceedings in aid of execution, when an execution has been returned

unsatisfied, or when the judgment debtor refuses to apply his property

in satisfaction of the judgment;

5. In the cases when a corporation has been dissolved, or is

insolvent, or in imminent danger of insolvency, or has forfeited its

corporate rights;

6. In an action of unlawful detainer.

7. In all other cases where receivers have heretofore been

appointed by the usages of courts of equity.