Applicability of Chapter

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.