Guam § 3211 - Stock Recovery. Conditions Precedent.

§ 3211. Stock Recovery. Conditions Precedent.

No action can be sustained to recover stock sold for delinquent unpaid

subscription upon the ground of irregularity or defect in the calls for such

unpaid subscription, or irregularity or defect in the notice of delinquency

and sale, or in the sale itself of stock for unpaid subscription, unless the

party seeking to maintain such action first pays or tenders to the party

holding the stock the sum for which the same was sold, together with all

subsequent calls which may have been paid upon the stock so sold, with

interest from the date of payment at the rate of seven (7) percentum, and no

such action shall be maintained unless it is commenced by the filing of a

complaint and the issuance of summons within six (6) months from date of

sale.