Guam § 33107 - Release Bond.
Full text of Guam Guam Code Annotated § 33107 — Release Bond., with citation guidance and answers to common questions.
§ 33107. Release Bond.
If any person disputes the correctness or validity of any
claim of lien, he may record with the Department of Land
Management, either before or after the commencement of any
action to enforce such claim of lien, a bond executed by a
corporation authorized to issue surety bonds in Guam, in a penal
sum equal of one and one-half (1 ½) times the amount of the
claim, which bond shall be conditioned for the payment of any
sum which the claimant may recover on the claim together with
his costs of suit in the action, if he recovers therein. Upon
recording of such bond, the real property described in such bond
is released from the lien and the surety shall be substituted for
the owner as a party defendant in any lien foreclosure action.
COL5/8/2020
Frequently Asked Questions About Guam § 33107
What does Guam Code Annotated § 33107 cover?
Section 33107 ("Release Bond.") 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 § 33107?
A common citation format is "Guam Code Annotated § 33107" (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 § 33107 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.