18 Guam Code Ann. § 27402
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Terms Used In 18 Guam Code Ann. § 27402
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The retirement, death, or insanity of a general partner dissolves the partnership, unless the business is continued by the remaining general partners:
(a) Under a right so to do stated in the certificate, or
(b) With the consent of all members.
SOURCE: CC § 2496.