12 GCA § 81110
Protection of Tobacco Receipts
View official PDF ↗No person acting under any provision of law or principle of equity shall be permitted in any way to impede, or in any manner interfere with:
(a)the full and timely payment of principal, interest and premiums on or purchase price of bonds issued under this Chapter; or
(b)the pledge described in § 81106(e), and the full and timely application of the pledged property as provided in the indenture for bonds issued under this Chapter. None of the property described in the first sentence of § 81104(a) shall be subject to garnishment, execution, attachment or other process, writ or remedy in connection with the assertion or enforcement of any debt, claim, settlement or judgment against the government or the Authority, except as provided in the indenture for bonds issued under this Chapter.
§ The story of this section
- Amended by P.L. 29-19 § IX — introduced as Bill 174-29
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.