Guam § 127105 - Trustees and Guardians.
Full text of Guam Guam Code Annotated § 127105 — Trustees and Guardians., with citation guidance and answers to common questions.
§ 127105. Trustees and Guardians.
(a) Every association shall have power to issue shares and
investment certificates to one or more persons or corporations as trustee
or guardian for another or for others. The association shall not be liable
to beneficiaries or wards for moneys paid to their trustees or guardians
on account of such shares or certificates.
(b) Whenever a person holding shares or investment certificates in
either such capacity dies and no notice of the terms, revocation or
termination of the trust or guardianship shall have been given in writing
to the association, the withdrawal or other value of the shares or
investment certificates or any part thereof may be paid to the beneficiary
or ward; and if no beneficiary or ward has been designated in writing to
the association, the withdrawal or other value or any part thereof may be
paid to the trustee’s or guardian’s executor or administrator.
(c) Payment as aforesaid by any association shall be a valid and
sufficient release and discharge to such association for such payment,
whether or not such payment is made to a minor.
Frequently Asked Questions About Guam § 127105
What does Guam Code Annotated § 127105 cover?
Section 127105 ("Trustees and Guardians.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 127105?
A common citation format is "Guam Code Annotated § 127105" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 127105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.