Guam § 35120 - Uniform Statute of Limitations.
Full text of Guam Guam Code Annotated § 35120 — Uniform Statute of Limitations., with citation guidance and answers to common questions.
§ 35120. Uniform Statute of Limitations.
(a) This section applies to all causes of action of the types specified
herein filed on or after the effective date of the enactment of this section.
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(b) This section governs any action based on negligence or breach of
contract brought against any licensee, or any CPA firm practicing in Guam
by any person or entity claiming to have been injured as a result of financial
statements or other information examined, compiled, reviewed, certified,
audited or otherwise reported or opined on by the defendant licensee as a
result of an engagement to provide services.
(c) No action covered by this section may be brought unless the suit is
commenced on or before the earlier of:
(1) One (1) year from the date the alleged act, omission or neglect
is discovered or should have been discovered by the exercise of
reasonable diligence;
(2) Three (3) years after completion of the service for which the
suit is brought has been performed; or
(3) Three (3) years after the date of the initial issuance of the
accountant=s report on the financial statements or other information.
Frequently Asked Questions About Guam § 35120
What does Guam Code Annotated § 35120 cover?
Section 35120 ("Uniform Statute of Limitations.") 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 § 35120?
A common citation format is "Guam Code Annotated § 35120" (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 § 35120 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.