18 Guam Code Ann. § 66603
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Terms Used In 18 Guam Code Ann. § 66603
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
When a trust exists without any appointed trustee, or where all the trustees renounce, die, or are discharged, the court having jurisdiction must appoint another trustee and direct the execution of the trust. The court may, in its discretion, appoint the original number, or any less number of trustees.
SOURCE: CC § 2289.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 66 TRUSTS FOR THE BENEFIT OF THIRD PERSONS
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