7 Guam Code Ann. § 20601
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Terms Used In 7 Guam Code Ann. § 20601
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
Whenever money is paid into or deposited in court to be held in custody or trust for or on behalf of a person other than the government of Guam, the same shall be delivered to the clerk of the court in person. He thereupon must deposit it with a licensed bank in Guam in a special trust account in the name of the court which shall be drawn upon only on order of the court. All money received, to which the government of Guam is entitled such as fines, costs, filing fees, and the like, shall be deposited with the treasurer of the government of Guam.
SOURCE: CCP § 573; repealed and reenacted by P.L. 9-178, effective 3/14/68.