Association. A personal representative may deposit any money belonging to the estate with one or more banks licensed to do business in the Territory of Guam, or invest any such money in an account or accounts in one or more insured savings and loan associations licensed to do business in the
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Territory of Guam, whereupon the personal representative shall be discharged from further care or responsibility therefor until the money is withdrawn by the personal representative. Unless such money is so deposited or invested pursuant to an order by the Superior Court of Guam, under the provisions of Subchapter B of Chapter 20 of this Title or otherwise, it may be withdrawn without order of the Superior Court of Guam. The term Aaccount or accounts in one or more insured savings and loan associations,@ as used in this Section, shall have the same meaning as the term Aaccount in an insured savings and loan association@ in Section 2009(c) of this Title. SOURCE: Probate Code of Guam (1970), § 585; California Probate Code, § 585. COMMENT: The only substantive change made to § 585 of the Probate Code of Guam (1970) is the addition of savings and loan associations; the prior statute allowed deposit of estate funds only into banks. It should be noted that § 2217 is intended to apply to funds coming to the estate after the court has made its order for security for the faithful performance of the personal representative's trust -- i.e., to funds not covered by such order -- as funds already in the estate at the time of such order will presumably have been covered by such order, and thus will not be in the purview of § 2217.