7 Guam Code Ann. § 50551
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 7 Guam Code Ann. § 50551
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
Pending insolvency proceedings by or against any person, partnership, association, or corporation, no statute of limitations shall run upon a claim of or against the estate of the debtor.
SOURCE: CCP § 1373.