™Your Policy Risk Impact Agent
27 chapters · 510 sections in this title.
19 GCA § 12101 Definitions
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In this Chapter, unless the contest otherwise requires: (a) An adult is a person who has attained the age of 18 years. (b) A bank is a bank, trust company, national banking association, savings bank. or industrial bank duly admitted and licensed in Guam to accept the deposits of …
19 GCA § 12102 Manner of Making Gift
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(a) An adult person may, during his lifetime, make a gift of a security, a life insurance policy or annuity contract or money to a person who is a minor on the date of the gift: COL120106 (1) If the subject of the gift is a security in registered form, by registering it in the na…
19 GCA § 12103 Effect of Gift
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(a) A gift made in a manner prescribed in this Chapter is irrevocable and conveys to the minor indefeasibly vested legal title to the security, life insurance policy, annuity contract or money given, but no guardian of the minor has any right, power, duty or authority with respec…
19 GCA § 12104 Duties and Powers of Custodian
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(a) The custodian shall collect, hold, manage, invest and reinvest the custodian property. (b) The custodian shall pay over to the minor for expenditure by him, or expend for the minor=s benefit, so much of or all the custodial property as the custodian deems advisable for the su…