Guam § 7 - Termination of Proceedings.
Full text of Guam Guam Code Annotated § 7 — Termination of Proceedings., with citation guidance and answers to common questions.
§ 7. Termination of Proceedings.
COL4/6/2022
In case any proceedings taken by the Trustee or any one or
more Bondholders on account of any Event of Default shall have
been discontinued or abandoned for any reason or shall have been
determined adversely to the Trustee or the Bondholders, then in
every such case the Government, the Trustee and the Bondholders,
subject to any determination in such proceedings, shall be restored
to their former positions and rights hereunder, severally and
respectively, and all rights, remedies, powers and duties of the
Government, the Trustee and the Bondholders shall continue as
though no such proceedings had been taken.
Frequently Asked Questions About Guam § 7
What does Guam Code Annotated § 7 cover?
Section 7 ("Termination 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 § 7?
A common citation format is "Guam Code Annotated § 7" (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 § 7 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.