T·R
← Search

7 GCA § 35107

Deposit of Unclaimed Property: Escheat to the Government

Guam Code AnnotatedTitle 7 — Judiciary and Civil Procedure
View official PDF ↗

All moneys or other property distributed in the administration of an estate of a decedent and heretofore or hereafter deposited with the Treasurer of Guam or the Director of Administration, to the credit of a distributee, and any money remaining with the Treasurer of Guam on deposit, to the credit of an estate, after final distribution, shall become the property of the Government of Guam, if not claimed by the person or persons entitled thereto within five years from the date of such deposit. Money so deposited with the Treasurer may be recovered by the person or persons entitled thereto, under the conditions and within the time limit herein prescribed, by filing a petition for an order therefor in the court having jurisdiction. The judge of the court having jurisdiction, if satisfied of the claimant's right, must grant him a certificate to that effect, under its seal, and upon the presentation of the certificate, the auditor must draw his warrant on the Treasurer of Guam for the amount and forward it to the Governor of Guam for approval.

§ The story of this section

  1. Affected by P.L. 9-239 (bill & sponsor pending — earlier Legislature not yet ingested)

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.