Guam § 37112 - Preference Over Other Liens.
Full text of Guam Guam Code Annotated § 37112 — Preference Over Other Liens., with citation guidance and answers to common questions.
§ 37112. Preference Over Other Liens.
A bottomry lien, if created out of a real or apparent necessity, in good
faith, is preferred to every other lien or claim upon the same thing,
excepting only a lien for seamen's wages, a subsequent lien of materialmen
for supplies or repairs indispensable to the safety of the ship, and a
subsequent lien for salvage.
Frequently Asked Questions About Guam § 37112
What does Guam Code Annotated § 37112 cover?
Section 37112 ("Preference Over Other Liens.") 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 § 37112?
A common citation format is "Guam Code Annotated § 37112" (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 § 37112 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.