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Terms Used In 18 Guam Code Ann. § 35403

  • Lien: A claim against real or personal property in satisfaction of a debt.
Where one has a lien upon several things, and other persons have subordinate liens upon or interests in some but not all of the same things, the person having the prior lien, if he can do so without risk or loss to himself, or of injustice to other persons, must resort to the property in the following order, on the demand of any party interested:

1. To the things upon which he has an exclusive lien;

2. To the things which are subject to the fewest subordinate liens;

3. In like manner inversely to the number of subordinate liens upon the same thing; and

4. When several things are within one of the foregoing classes, and subject to the same number of liens, resort must be had —

(1) To the things which have not been transferred since the prior lien was created;

(2) To the things which have been so transferred without a valuable consideration; and

COL120106
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 35 LIENS IN GENERAL

(3) To the things which have been so transferred for a valuable consideration in the inverse order of the transfer.

SOURCE: CC § 2899.
NOTE: No 1970 Civil Code Ԥ 2900-2902 existed.

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ARTICLE 5
REDEMPTION FROM LIENS