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Guam Statutes, Title 18

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Title 18, Business Structure and Function

60 chapters · 1,417 sections in this title.

All chapters in Title 181,417 Ch 28, Guam Business Corporation Act150 Ch 17, Guam Uniform Limited Cooperative Ass…148 Ch 56, Particular Employment64 Ch 36, Mortgages50 Ch 20, Agency in General48 Ch 85, Nature of a Contract47 Ch 25, Partnerships in General46 Ch 82, Obligations Extinguished44 Ch 15, Limited Liability Companies38 Ch 2, Formation of Corporations37 Ch 41, Deposit for Keeping35 Ch 3, Corporate Stock34 Ch 7, Foreign Corporations34 Ch 13, Nonprofit Cooperative Associations33

13 sections·Filtered byTitle 18✕Ch 40✕

18 GCA § 40101 Kinds of Deposit
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A deposit may be voluntary or involuntary, and for safekeeping or for exchange. SOURCE: CC § 1813.
18 GCA § 40102 Voluntary Deposit
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A voluntary deposit is made by one giving to another, with his consent, the possession of personal property to keep for the benefit of the owner, or of a third party. The person giving is called the depositor, and the person receiving the depositary. SOURCE: CC § 1814.
18 GCA § 40103 Involuntary Deposit
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COL120106 An involuntary deposit is made: 1. By the accidental leaving or placing of personal property in the possession of any person, without negligence on the part of its owner; or 2. In cases of fire, shipwreck, inundation, insurrection, riot, or like extraordinary emergencie…
18 GCA § 40104 Duty of Involuntary Depositary
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The person with whom a thing is deposited in the manner described in the last section is bound to take charge of it, if able to do so. SOURCE: CC § 1816.

18 GCA § 40105 Deposit for Keeping

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A deposit for keeping is one in which the depositary is bound to return the identical thing deposited. SOURCE: CC § 1817.

18 GCA § 40106 Deposit for Exchange

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A deposit for exchange is one in which the depositary is only bound to return a thing corresponding in kind to that which is deposited. SOURCE: CC § 1818. ----------- ARTICLE 2 OBLIGATIONS OF THE DEPOSITARY

18 GCA § 40201 Depositary to Deliver on Demand

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A depositary must deliver the thing to the person for whose benefit it was deposited, on demand, whether the deposit was made for a specific time or not, unless he has a lien upon the thing deposited, or has been forbidden or prevented from doing so by the real owner thereof, or …

18 GCA § 40202 No Obligation Without Demand

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A depositary is not bound to deliver a thing deposited without demand, even where the deposit is made for a specified time. SOURCE: CC § 1823.

18 GCA § 40203 Place of Delivery

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A depositary must deliver the thing deposited at his residence or place of business, as may be most convenient for him. SOURCE: CC § 1824.

18 GCA § 40204 Notice: Adverse Claim

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A depositary must give prompt notice to the person for whose benefit the deposit was made, of any proceedings taken adversely to his interest in the thing deposited, which may tend to excuse the depositary from delivering the thing to him. SOURCE: CC § 1825.

18 GCA § 40205 Notice to Owner; Wrongfully Detained

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A depositary, who believes that a thing deposited with him is wrongfully detained from its true owner, may give him notice of the deposit; and if within a reasonable time afterwards he does not claim it, and sufficiently establish his right thereto, and indemnify the depositary a…

18 GCA § 40206 Delivery; Jointly Owner

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If a thing deposited is owned jointly or in common by persons who cannot agree upon the manner of its delivery, the depositary may deliver to each his proper share thereof, if it can be done without injury to the thing. SOURCE: CC § 1827.

18 GCA § 40207 Joint Deposits

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When a deposit is made in the name of two or more persons, deliv- erable or payable to either or to their survivor or survivors, such deposit or any part thereof may be delivered or paid to either of said persons or to the survivor or survivors in the course of business. SOURCE: …