Transfer of Place of Administration or Assets

An order may be made by the Superior Court for the transfer of the place of administration of a trust or the transfer of some or all of the assets of a trust to a State or another United States territory:

(a)where, under the provisions of Section 3301 of this Title, jurisdiction is retained by the Superior Court over any trust created by the will of a non-resident decedent, which will has been probated in the State or United States territory of such decedent’s residence and a duly appointed, qualified and acting domiciliary trustee has entered upon and is engaged in the administration of the same trust with respect to the assets situated in that State or United States territory; or

(b)where the trustee or beneficiary of a trust to which this Article applies desires to transfer the place of administration of a trust to a State or another United States territory, unless the trust instrument precludes the transfer of the place of administration to any jurisdiction outside Guam.