4 Guam Code Ann. § 8162
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Terms Used In 4 Guam Code Ann. § 8162
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
For the purposes of obtaining a supplemental loan or loan guarantee to facilitate the purchase, repair, remodeling or extension of an owner-occupied, single-family dwelling by a member of the Retirement Fund, and only for these purposes, the restriction in § 8166 of this Chapter against assignment or transfer, the restriction against the annuity, benefit or refund answering for debts contracted by a member of the Retirement Fund, and the restriction against attachment or affectation by judicial proceeding, shall not apply.
SOURCE: GC § 4225.19, as added by P.L. 13-056 (Sept. 22, 1975).