Guam § 24105 - Disposition of Proceeds.
Full text of Guam Guam Code Annotated § 24105 — Disposition of Proceeds., with citation guidance and answers to common questions.
§ 24105. Disposition of Proceeds.
The money arising from the sale of mortgaged property, under the
regulations hereinbefore prescribed, shall, after deduction of costs of sale, be
paid to the person foreclosing the mortgage, and when there shall be any
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surplus, after paying off such mortgage or other encumbrance, the same shall
be paid to junior encumbrances in the order of their priority, to be
ascertained by the court, or if there be no such encumbrances, or there be a
surplus after payment of such encumbrances, then to the mortgagor or his
agent, or to the person entitled to it.
Frequently Asked Questions About Guam § 24105
What does Guam Code Annotated § 24105 cover?
Section 24105 ("Disposition of Proceeds.") 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 § 24105?
A common citation format is "Guam Code Annotated § 24105" (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 § 24105 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.