Guam § 23401 - Definitions.
Full text of Guam Guam Code Annotated § 23401 — Definitions., with citation guidance and answers to common questions.
§ 23401. Definitions.
For purposes of this Article:
(a) Assets means any item of economic value owned
by a person as defined in this Section. Examples include,
but are not limited to, cash, securities, accounts receivable,
inventory, office equipment, real estate, a car, and other
property.
(b) Judgment creditor means a party to which a debt
is owed, that has proved the debt in a legal proceeding, and
that is entitled to use judicial process to collect the debt; the
owner of an unsatisfied court decision.
(c) Judgment debtor means one who is obligated to
pay a debt or damages in accordance with a judgement
entered by a court.
(d) Person can include, but is not limited to, a natural
person, firms, labor organizations, partnerships,
associations, corporations, legal entities, legal
representatives, or trustees.
COL6/5/2019
Frequently Asked Questions About Guam § 23401
What does Guam Code Annotated § 23401 cover?
Section 23401 ("Definitions.") 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 § 23401?
A common citation format is "Guam Code Annotated § 23401" (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 § 23401 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.