18 Guam Code Ann. § 65205
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Terms Used In 18 Guam Code Ann. § 65205
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
No trustee, so long as he remains in the trust, may undertake another trust adverse in it’s nature to the interest of his beneficiary in the subject of the trust, without the consent of the latter.
SOURCE: CC § 2232.