13 Guam Code Ann. § 3117
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Terms Used In 13 Guam Code Ann. § 3117
- Fiduciary: A trustee, executor, or administrator.
instrument made payable to a named person with the addition of words describing him
(a) As agent or officer of a specified person is payable to his principal but the agent or officer may act as if he were the holder;
(b) As any other fiduciary for a specified person or purpose is payable to the payee and may be negotiated, discharged or enforced by him;
(c) In any other manner is payable to the payee unconditionally and the additional words are without effect on subsequent parties.