7 Guam Code Ann. § 26701
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Terms Used In 7 Guam Code Ann. § 26701
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
Any corporation authorized to conduct the business of a trust company in Guam may be appointed and act as an executor, administrator, guardian of an estate, assignee, receiver, depositary, or trustees in like manner as an individual. When so appointed the trust company shall not be required to give bond therefor.
SOURCE: CCP § 1043.