18 Guam Code Ann. § 27408
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Terms Used In 18 Guam Code Ann. § 27408
- 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.
A contributor, unless he is a general partner, is not a proper party to proceedings by or against a partnership, except where the object is to enforce a limited partner’s right against or liability to the partnership.
SOURCE: CC § 2502.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 27 LIMITED PARTNERSHIPS
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ARTICLE 5
MISCELLANEOUS PROVISIONS