This Chapter does not apply to: (a) banks or banking institutions regulated under the provisions of Chapter 100 of Title 11 of the Guam Code Annotated; (b) savings and loan institutions regulated under Chapter 141 of Title 11 of the Guam Code Annotated; (c) title insurers, but only respecting escrows; (d) nonprofit, charitable trusts or trust associations; (e) any person, if: (1) the fiduciary relationship is not one of the person’s principal occupations; or (2) that person serves as trustee for a relative by blood or marriage; or (f) to a beneficiary of the Guam Foreign Direct Investment Equity Act. SOURCE: Added by P.L. 25-073 (Oct. 19, 1999). Amended by P.L. 25-149:2 (July 5, 2000).
COL4122017
2017 NOTE: Subsection/subitem designations altered pursuant to the authority of 1 GCA § 1606.
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ARTICLE 2 ORGANIZATION AND LICENSING