11 Guam Code Ann. § 127106
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Terms Used In 11 Guam Code Ann. § 127106
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
(a) In the case of any attachment levied upon any shares or investment certificates of any association or upon any debts owing by any association, the copy of writ and notice must be left, if such association maintains branches, with the manager or any other officer of such association at the office or branch thereof at which such shares or investment certificates were issued or such debt incurred if such office or branch is still being maintained, and otherwise at the principal office of such association; and no attachment not served as aforesaid shall be effective as to any share or investment certificate issued by any such association or as to any debt owing by any such association if such share
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11 Guam Code Ann. FINANCE & TAXATION
CH. 127 MISCELLANEOUS PROVISIONS AFFECTING INVESTORS
or certificate was issued or such debt incurred at an office or branch thereof not so served.
(b) No attachment or execution shall be issued against any association or its property in any suit, action or proceeding arising out of the claim of any shareholder or certificate holder to withdraw before final judgment that such shareholder or certificate holder is presently entitled to payment of such withdrawal.
SOURCE: GC § 41405.
2017 NOTE: Subsection designations added pursuant to the authority of 1 Guam Code Ann. § 1606.