15 Guam Code Ann. § 4003
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Terms Used In 15 Guam Code Ann. § 4003
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Probate: Proving a will
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 40 OATHS, BONDS AND LETTERS
15 Guam Code Ann. ESTATES AND PROBATE
CH. 40 OATHS, BONDS AND LETTERS
Before any sale of real property is confirmed or any mortgage is authorized by which money is to be raised, the guardian must furnish such additional bond to the ward as shall be required by the court, with two or more persons or an authorized surety as surety, to be approved by the judge, in order to make the total penalty of the guardian’s bonds to his ward equal to that required by § 4001 of this Title, taking into account the proceeds of the sale or mortgage.
SOURCE: Probate Code of Guam (1970), § 1482.