Guam § 50217 - Assignee Discharge; Final Account.
Full text of Guam Guam Code Annotated § 50217 — Assignee Discharge; Final Account., with citation guidance and answers to common questions.
§ 50217. Assignee Discharge; Final Account.
Preparatory to the settlement of the estate, the assignee shall file his
final account in the court, accompanying the same with an affidavit that a
notice by registered mail has been given to all creditors who have proved
their claims, that he will apply for a settlement of his account and for a
discharge from all liability as assignee at a time specified in such notice,
which time shall not be less than two (2) weeks nor more than three (3)
months from such filing. At the hearing the court shall audit the account,
and any person interested may appear and file exceptions in writing and
contest the same. The court thereupon shall settle the account, and order a
dividend of any portion of the estate, if any, remaining undistributed, and
shall discharge the assignee, subject to compliance with the order of the
court, from all liability as assignee to any creditor of the insolvent.
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Frequently Asked Questions About Guam § 50217
What does Guam Code Annotated § 50217 cover?
Section 50217 ("Assignee Discharge; Final Account.") 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 § 50217?
A common citation format is "Guam Code Annotated § 50217" (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 § 50217 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.