Guam § 50151 - Undertaking Required.
Full text of Guam Guam Code Annotated § 50151 — Undertaking Required., with citation guidance and answers to common questions.
§ 50151. Undertaking Required.
The said petition shall be accompanied by an undertaking, approved
by the court, with at least two (2) sureties, in such penal sum as the court
shall direct, conditioned that if the petition in insolvency be dismissed by
the court, or withdrawn by the petitioner, or if the debtor shall not be
declared insolvent, the petitioners will pay to the debtor alleged in the
petition to be insolvent, all costs, expenses, and damages occasioned by the
proceedings in insolvency, together with a reasonable counsel fee to be
fixed by the court. The court may, upon motion, direct the filing of an
additional bond, with different sureties, when deemed necessary.
Frequently Asked Questions About Guam § 50151
What does Guam Code Annotated § 50151 cover?
Section 50151 ("Undertaking Required.") 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 § 50151?
A common citation format is "Guam Code Annotated § 50151" (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 § 50151 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.