Guam § 50208 - Embezzlement by Person, Having Notice of Proceedings.
Full text of Guam Guam Code Annotated § 50208 — Embezzlement by Person, Having Notice of Proceedings., with citation guidance and answers to common questions.
§ 50208. Embezzlement by Person, Having Notice of Proceedings.
If any person, before the assignment is made, having notice of the
commencement of the proceedings in insolvency, or having reason to
believe that insolvency proceedings are about to be commenced, embezzles
or disposes of any of the moneys, goods, chattels, or effects of the insolvent,
he is chargeable therewith, and liable to an action by the assignee for double
the value of the property so embezzled or disposed of, to be recovered for
the benefit of the insolvent's estate.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 50208
What does Guam Code Annotated § 50208 cover?
Section 50208 ("Embezzlement by Person, Having Notice of Proceedings.") 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 § 50208?
A common citation format is "Guam Code Annotated § 50208" (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 § 50208 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.