(a) there exists on the island of Guam a need for the protection of the public interest, to regulate companies which are engaged in the Trust Company business;

(b) such trust companies should be licensed and regulated in such a manner as to promote the public advantage and convenience; and

(c) it is the purpose of this Chapter to bring under public supervision those persons who are engaged in, or who desire to engage in the business of a Trust Company, not in connection with banking business, and to insure that there is established on Guam an adequate, efficient and competitive Trust Company service.

This Act has been derived from the State of Nevada.

2017 NOTE: Subsection designations altered pursuant to the authority of 1 Guam Code Ann. § 1606.