Guam § 24502 - Appointment of Receiver Upon Dissolution of Corporations.
Full text of Guam Guam Code Annotated § 24502 — Appointment of Receiver Upon Dissolution of Corporations., with citation guidance and answers to common questions.
§ 24502. Appointment of Receiver Upon Dissolution of Corporations.
Upon the dissolution of any corporation, the court having jurisdiction
on application of any creditor of the corporation, or of any stockholder or
member thereof, may appoint one or more persons to be receivers or
trustees of the corporation, to take charge of the estate and effects thereof
and to collect the debts and property due and belonging to the corporation,
and to pay the outstanding debts thereof, and to divide the moneys and other
property that shall remain over among the stockholders or members.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 24502
What does Guam Code Annotated § 24502 cover?
Section 24502 ("Appointment of Receiver Upon Dissolution of Corporations.") 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 § 24502?
A common citation format is "Guam Code Annotated § 24502" (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 § 24502 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.