Guam § 21609 - Undertaking in Actions to Set Aside Transfer of Property.

§ 21609. Undertaking in Actions to Set Aside Transfer of Property.

When an action is commenced to set aside a transfer or conveyance of

property on the grounds that such transfer or conveyance was made to

hinder, delay or defraud a creditor or creditors, the transferee or grantee to

whom it is alleged the property was transferred or conveyed or the

successors or assigns of such transferee or grantee, may give an undertaking

as herein provided, and when such undertaking is given as herein provided,

the transferee or grantee to whom it is alleged the property was so transferred

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or conveyed to hinder, delay, or defraud creditors, or the successors and

assigns of such transferee or grantee, may sell, encumber, transfer, convey,

mortgage, pledge or otherwise dispose of the property, or any part thereof,

which is alleged to have been so transferred or conveyed to hinder, delay, or

defraud creditors, so that the purchaser, encumbrancer, transferee, mortgagee

or pledgee of such property, will take, own, hold or possess such property

unaffected by such action and suit, or the judgment which may be rendered

therein.