Guam § 2571 - When Claimant Cannot be Found; Deposit in Bank Upon

§ 2571. When Claimant Cannot be Found; Deposit in Bank Upon

Order of Court; Payment to Treasurer of Guam; Escheat.

(a) Whenever an estate is in all other respects ready to be closed,

and it is made to appear to the satisfaction of the Superior Court, by

affidavit or by evidence taken in open court, that an allowed and ap-

proved claim has not and cannot be paid because the claimant cannot be

found, the Superior Court shall make an order fixing the amount of the

claim, with interest, if any, and directing the personal representative to

deposit that amount with any bank duly licensed to do business in Guam,

which shall give a receipt for the same. Thereupon the personal

representative shall make the deposit and shall forthwith proceed to settle

and close the estate. The receipt of the bank shall be received as a proper

voucher for the payment of the claim.

(b) When money deposited pursuant to the provisions of subsection

(a) of this Section is not claimed within five (5) years after the date of its

deposit, the Superior Court of Guam, upon such showing by the affidavit

of an officer if the bank in which such money is deposited, must direct

the same to be deposited in the Treasury of Guam for the benefit of the

Government of Guam, whereupon the same devolves and escheats to the

Government of Guam.