18 Guam Code Ann. § 66301
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Terms Used In 18 Guam Code Ann. § 66301
- Trustee: A person or institution holding and administering property in trust.
A trustee is a general agent for the trust property. His authority is such as is conferred upon him by the declaration of trust and by this Chapter, and none other. His acts, within the scope of his authority, bind the trust property to the same extent as the acts of an agent bind his principal.
SOURCE: CC § 2267.
COL7222015
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 66 TRUSTS FOR THE BENEFIT OF THIRD PERSONS