15 Guam Code Ann. § 115
Terms Used In 15 Guam Code Ann. § 115
- 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.
- Probate: Proving a will
- Testator: A male person who leaves a will at death.
SOURCE: Probate Code of Guam (1970), § 27; California Probate Code, § 27 (as amended.)
COMMENT: Section 27 of the Probate Code of Guam (1970) was considerably more restrictive than § 115. It included no provisions for testamentary disposition to the United States or any State, county or municipal corporation thereof; nor did it provide for testamentary disposition to any organized territory of the United States other than the Government of Guam. Moreover, it severely limited testamentary dispositions. The Commission feels that an important element of the philosophy underlying Guam’s wills statutes is that of effectuating the testator‘s intent to the greatest extent practicable. This being the case, there appears to be no good reason to deny testators the privilege of disposing of their property to anyone -.whether to natural persons, municipal corporations or other corporations.