Guam § 50215 - Dividends Declared, Not to be Stayed.
Full text of Guam Guam Code Annotated § 50215 — Dividends Declared, Not to be Stayed., with citation guidance and answers to common questions.
§ 50215. Dividends Declared, Not to be Stayed.
Whenever a dividend has been duly declared, the distribution of it shall
not be stayed or affected by reason of debts being subsequently proved, but
any creditor proving such a debt shall be entitled to a dividend equal to
those already received by the other creditors before any other dividend is
made to the latter, if the failure to prove such claim shall not have resulted
from his own neglect.
Frequently Asked Questions About Guam § 50215
What does Guam Code Annotated § 50215 cover?
Section 50215 ("Dividends Declared, Not to be Stayed.") 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 § 50215?
A common citation format is "Guam Code Annotated § 50215" (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 § 50215 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.