Guam § 2547 - Compromise and Settlement of Claims; Procedure; Effect.
Full text of Guam Guam Code Annotated § 2547 — Compromise and Settlement of Claims; Procedure; Effect., with citation guidance and answers to common questions.
§ 2547. Compromise and Settlement of Claims; Procedure; Effect.
After the lapse of sixty (60) calendar days from the issuance of
letters, the personal representative, with the approval of the Superior
Court, may compromise, compound or settle any claim or demand by or
against the estate or any suit brought by or against the personal
representative as such, by the transfer of specific assets of the estate or
otherwise. To obtain such approval, the personal representative shall file
a verified petition with the Clerk of the Superior Court showing the
advantage of the compromise, composition or settlement. The Clerk of
the Superior Court shall set the petition for hearing, and notice thereof
shall be give in the manner provided in Section 3401 of this Title. If
under this Section the Superior Court authorizes the transfer of real
property of the estate, conveyances shall be executed by the personal
representative in the same manner as provided in Section 2351 of this
Title and such conveyances shall have the same force and effect as
conveyances executed pursuant to that Section, and a certified copy of
the order authorizing the transfer must be recorded in the Department of
Land Management of the Government of Guam.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 2547
What does Guam Code Annotated § 2547 cover?
Section 2547 ("Compromise and Settlement of Claims; Procedure; Effect.") 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 § 2547?
A common citation format is "Guam Code Annotated § 2547" (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 § 2547 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.