Guam § 2021 - Security May Be Provided By Deposit of Tangible Personal

§ 2021. Security May Be Provided By Deposit of Tangible Personal

Property Into Safety Deposit Box.

Security for the faithful performance of the personal representative's

trust, as required by Section 2011 of this Title, may in the discretion of

the Superior Court of Guam be provided, in whole or in part, by the

deposit of tangible personal property of the estate in a safety deposit box

regularly maintained by a bank, trust company or savings and loan

association in the territory of Guam, such that access to such safety

deposit box be limited to the personal representative and the Clerk of the

Superior Court of Guam (or some person other than the Clerk of the

Superior Court of Guam, in the discretion of the Superior Court of

Guam) acting simultaneously; provided, that if the Superior Court of

Guam orders that security for the faithful performance of the personal

representative shall be, in whole or in part, as set forth hereinabove in

this Section, letters shall not issue to the personal representative until the

Superior Court of Guam is satisfied that the bank, trust company or

savings and loan association maintaining the safety deposit box into

which such property is to be deposited has been served with a copy of

such order, and agreed in writing that access to such safety deposit box

be limited as set forth in such order, such writing to be filed with the

Clerk of the Superior Court of Guam.