21 Guam Code Ann. § 39103
Terms Used In 21 Guam Code Ann. § 39103
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Executor: A male person named in a will to carry out the decedent
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.
21 Guam Code Ann. REAL PROPERTY
CH. 39 MARKETABLE TITLE ACT
(a) A person shall be deemed to have the unbroken chain of title to an interest in land as such term is used in this Chapter when the official public records in the possession of the recorder of the Territory of Guam disclose a conveyance or other title transaction dated and recorded prior to January 1,
1935, which conveyance or other title transaction purports to create such interest in such person or his immediate or remote grantors, with nothing appearing or record purporting to divest such person and his immediate or remote grantors of such purported interest.
(b) Title transaction as used herein means any transaction affecting Title to real property, including the issuance of a certificate of title or certificate of guaranteed claim, title by will or descent from any person who held title of record at the time of his death, title by a decree or order of any court, title by tax deed, and title by trustee‘s, referee’s, guardian‘s executor‘s, master’s in chancery, and marshal’s or similar officer’s deed, as well as by direct conveyance.
SOURCE: CC ‘1218.2.