11 Guam Code Ann. § 141115
Terms Used In 11 Guam Code Ann. § 141115
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
SOURCE: GC §41664.
§ 141116. Disposition of Unpaid or Unclaimed Dividends and of
Records.
In making its order approving the commissioner’s final statement of the liquidation of an association, the court shall determine the amounts of
COL120106
11 Guam Code Ann.FINANCE & TAXATION
CH. 141 SAVINGS AND LOAN COMMISSIONER
the liquidating dividends to which claimants and investors are entitled but which then remain unpaid or unclaimed in the hands of the commissioner. The order of the court shall direct the commissioner to deposit such amounts with the Treasurer of Guam, and all amounts so deposited shall be deemed to be deposited in the Treasury of Guam under the provisions of Chapter 24, Title 7, Guam Code Annotated, and shall be subject to claim or other disposition as provided in said Title 10.
The order of the court approving the final statement shall provide for the destruction or other disposition of the books and records of the association or pertaining to the liquidation of the association, and the court may declare the association dissolved as a corporation.
SOURCE: GC §41665.