19 Guam Code Ann. § 41302
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Terms Used In 19 Guam Code Ann. § 41302
- Donee: The recipient of a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
A verbal gift is not valid, unless the means of obtaining possession and control of the thing are given, nor, if it is capable of delivery, unless there is an actual or symbolical delivery of the thing to the donee.
SOURCE: CC ‘1147.
SOURCE: CC ‘1147.
CROSS-REFERENCES: See 19 Guam Code Ann., Chapter 12, Uniform Gifts to Minors Law.