Guam § 6 - Limitation on Encumbrances.
Full text of Guam Guam Code Annotated § 6 — Limitation on Encumbrances., with citation guidance and answers to common questions.
§ 6. Limitation on Encumbrances.
The Government shall not create, or permit the creation of,
any pledge, lien, charge or other encumbrance upon the Revenues
or other assets pledged or assigned under this Indenture while any
of the Bonds are Outstanding, except the pledge and assignment
created by this Indenture or any encumbrance subordinate to the
pledge and assignment created hereby, and shall not issue any
bonds secured by such pledge and assignment other than the
Bonds; provided that the Government may grant to any Credit
Provider a lien on the Revenues and other assets pledged hereby,
which shall be subordinate in all respects to the pledge of this
Indenture. Subject to this limitation, the Government expressly
reserves the right to enter into one or more other indentures for
any of its governmental purposes, and reserves the right to issue
other obligations for such purposes.
Frequently Asked Questions About Guam § 6
What does Guam Code Annotated § 6 cover?
Section 6 ("Limitation on Encumbrances.") 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 § 6?
A common citation format is "Guam Code Annotated § 6" (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 § 6 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.