Terms Used In 11 Guam Code Ann. § 106133

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Where a safe deposit box is made available by a lessor to one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access thereto as follows:

(a) By any one or more of the persons acting as executors or administrators.

(b) By any one or more of the persons otherwise acting as fiduciaries when authorized in writing signed by all other persons so acting.

(c) By any agent authorized in writing signed by all of the persons acting as fiduciaries.

SOURCE: GC § 30102.

2013 NOTE: Pursuant the authority granted by 1 Guam Code Ann. § 1606, numbers and/or letters were altered to adhere to the Compiler’s alpha-numeric scheme.