Guam § 50059 - Objections to Meetings of Creditors.
Full text of Guam Guam Code Annotated § 50059 — Objections to Meetings of Creditors., with citation guidance and answers to common questions.
§ 50059. Objections to Meetings of Creditors.
The causes for which objection may be made to the decision of the
meeting shall be:
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(a) Defects in the call for the meeting, in the holding thereof, and
in the deliberations had thereat which prejudice the rights of the
creditors;
(b) Fraudulent connivance between one or more creditors and the
debtor to vote in favor of the proposed agreement;
(c) Fraudulent conveyance of claims for the purpose of obtaining
a majority.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 50059
What does Guam Code Annotated § 50059 cover?
Section 50059 ("Objections to Meetings of Creditors.") 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 § 50059?
A common citation format is "Guam Code Annotated § 50059" (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 § 50059 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.