When Claimant Cannot be Found; Deposit in Bank Upon

Order of Court; Payment to Treasurer of Guam; Escheat.

(a)Whenever an estate is in all other respects ready to be closed, and it is made to appear to the satisfaction of the Superior Court, by affidavit or by evidence taken in open court, that an allowed and approved claim has not and cannot be paid because the claimant cannot be found, the Superior Court shall make an order fixing the amount of the claim, with interest, if any, and directing the personal representative to deposit that amount with any bank duly licensed to do business in Guam, which shall give a receipt for the same. Thereupon the personal representative shall make the deposit and shall forthwith proceed to settle and close the estate. The receipt of the bank shall be received as a proper voucher for the payment of the claim.

(b)When money deposited pursuant to the provisions of subsection

(a)of this Section is not claimed within five

(5)years after the date of its deposit, the Superior Court of Guam, upon such showing by the affidavit of an officer if the bank in which such money is deposited, must direct the same to be deposited in the Treasury of Guam for the benefit of the Government of Guam, whereupon the same devolves and escheats to the Government of Guam.