18 Guam Code Ann. § 35106
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Terms Used In 18 Guam Code Ann. § 35106
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
Contracts of mortgage, bottomry and respondentia, are all subject to the provisions of this Chapter.
SOURCE: CC § 2877.
NOTE: Article II of Chapter II [Mortgage of Personal Property], Chapter II-A [Conditional Sales] and Chapter III [Pledge], all of Title XIV of the Civil Code, were all repealed out of the Civil Code by P.L. 13-150 as part of the enactment of the Uniform Commercial Code. The concepts and law which replaced these chapters are found within the UCC, which is Title 13 of this Code (Guam Code Annotated).
NOTE: No 1970 Civil Code Ԥ 2878-2880 existed.
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ARTICLE 2
CREATION OF LIENS