21 Guam Code Ann. § 29107
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Terms Used In 21 Guam Code Ann. § 29107
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
mortgage, lien, charge, or lesser estate than fee simple shall be registered unless the fee simple to the same land is first registered. It shall not be an objection to bringing land under this
Law, that the estate or interest of the applicant is subject to any outstanding lesser estate, mortgage, lien, or charge; but every such lesser estate, mortgage, lien, or charge shall be noted upon the certificate of title and the duplicate thereof, and the title or interest certified shall be subject only to such estates, mortgages, liens, and charges as are so noted, except as herein provided.
SOURCE: CC ‘1157.6.
§ 29108. Registering of Title Through Sale For Tax or
Assessment.
Law, that the estate or interest of the applicant is subject to any outstanding lesser estate, mortgage, lien, or charge; but every such lesser estate, mortgage, lien, or charge shall be noted upon the certificate of title and the duplicate thereof, and the title or interest certified shall be subject only to such estates, mortgages, liens, and charges as are so noted, except as herein provided.
SOURCE: CC ‘1157.6.
§ 29108. Registering of Title Through Sale For Tax or
Assessment.
No title derived through sale for any tax or assessment shall be entitled to be first registered unless it appears to the satisfaction of the court upon the hearing of the application that the period of redemption [as provided by ‘1132(a) of the Civil Code of Guam] has expired.
SOURCE: CC ‘1157.7.
NOTE: Subsection 1132(a) referred to above does not now exist. It does not appear in the 1953 or 1970 Eds. of the Civil Codes of Guam. There was such a subsection included in Division Second, Part IV of the U.S. Naval Government’s Civil Code of Guam (1947) and the reference may have been inadvertently carried over from that edition.