Guam § 50206 - Resignation of the Assignee.

§ 50206. Resignation of the Assignee.

Any assignee may at any time, by a writing filed in court, resign his

appointment, having first settled his accounts and delivered all the deeds,

vouchers, books of account, notes, bills, bonds, and securities of the debtor

and all his real and personal property, estate, and effects to such successor

as the court shall appoint; provided, that if in the discretion of the court the

circumstances of the case require it, upon good cause being shown, the

court may, at any time before such settlement of account and delivery of the

estate shall have been completed, revoke the appointment of such assignee

and appoint another in his stead. The liability of the outgoing assignee, or of

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the sureties on his bond, shall not be in any manner discharged, released, or

affected by such appointment of another in his stead.