Guam § 23138 - New Undertaking.
Full text of Guam Guam Code Annotated § 23138 — New Undertaking., with citation guidance and answers to common questions.
§ 23138. New Undertaking.
When objection is made to the undertaking upon the ground
that the estimated value of the property claimed, as stated in the
undertaking, is less than the market value of the property
claimed, the person, corporation, partnership or association may
accept the estimated value stated by the judgment creditor in said
objection, and a new undertaking may be at once filed with the
judgment creditor's estimate stated therein as the estimated value
and no objection shall thereafter be made upon that ground; if
the judgment creditor's estimate of the market value is not
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accepted, the person, corporation, partnership or association
giving the undertaking shall move the court in which the
execution issued, upon ten days' notice to the judgment creditor,
to estimate the market value of the property claimed and
described in the undertaking, and upon the hearing of such
motion witnesses may be required to attend and testify, and
evidence be produced in the same manner as in the trial of civil
actions. Upon the hearing of such motion, the court shall
estimate the market value of the property described in the
undertaking, and if the estimated value made by the court
exceeds the estimated value as stated in the undertaking, a new
undertaking shall be filed and served, with the market value
determined by the court stated therein as the estimated value.
Frequently Asked Questions About Guam § 23138
What does Guam Code Annotated § 23138 cover?
Section 23138 ("New Undertaking.") 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 § 23138?
A common citation format is "Guam Code Annotated § 23138" (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 § 23138 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.