Guam § 24512 - Sale and Application of Proceeds.
Full text of Guam Guam Code Annotated § 24512 — Sale and Application of Proceeds., with citation guidance and answers to common questions.
§ 24512. Sale and Application of Proceeds.
If the attachment be not discharged, and a judgment be recovered in the
action in favor of the plaintiff, and an execution be issued thereon, the Chief
of Police must sell at public auction, after publication of notice of such sale
for ten (10) days, the steamer, vessel, or boat, with its tackle, apparel, and
furniture, or such interest therein as may be necessary, and must apply the
proceeds of the sale as follows:
1. When the action is brought for demands other than the wages
of mariners, boatmen, and others employed in the service of the
steamer, vessel, or boat sold, to the payment of the amount of such
wages, as specified in the execution.
2. To the payment of the judgment and costs, including his fees.
3. He must pay any balance remaining to the owner, or to the
master, agent, or consignee who may have appeared on behalf of the
owner, or if there be no appearance, then into court, subject to the
claim of any party or parties legally entitled thereto.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 24512
What does Guam Code Annotated § 24512 cover?
Section 24512 ("Sale and Application 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 § 24512?
A common citation format is "Guam Code Annotated § 24512" (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 § 24512 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.