(a) That the guardian has failed to file the report required by the provisions of section five hereof; or
(b) That the property of the ward has not been or is not being administered with due regard to the primary interest of the ward; or
(c) That facts exist which would make the guardian ineligible to appointment in the first instance; or
(d) That facts establishing any other legal ground for removal exist.
Section 5.—(a) The term “trustee” as used in this section means any person, company, association or corporation that as guardian, trustee, attorney-in-fact or agent, or in any other capacity has the title, custody or control of property, or some interest therein, belonging to an alien mentioned in section two hereof, or to the minor child of such an alien, if the property is of such a character that such alien is inhibited from acquiring, possessing, enjoying or transferring it.
(b) Annually on or before the thirty-first day of January every such trustee must file in the office of the Secretary of State of California and in the office of the county clerk of each county in which any of the property is situated, a verified written report showing:
(1) The property, real or personal, held by him for or on behalf of such an alien or minor;
(2) A statement showing the date when each item of such property came into his possession or control;
(3) An itemized account of all expenditures, investments, rents, issues, and profits in respect to the administration and control of such property with particular reference to holdings of corporate stock and leases, cropping contracts, and other agreements in respect to land and the handling or sale of products thereof.
(c) Any person, company, association or corporation that violates any provision of this section is guilty of a misdemeanor and shall be punished by a fine not exceeding one thousand dollars or by imprisonment in the county jail not exceeding one year, or by both such fine and imprisonment.