18 Guam Code Ann. § 27302
Terms Used In 18 Guam Code Ann. § 27302
- 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.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 27 LIMITED PARTNERSHIPS
SOURCE: CC § 2480.
§ 27303. A Name not to Contain Surname of Limited Partner; Exceptions.
(1) The surname of a limited partner shall not appear in the partnership name, unless:
(a) It is also the surname of a general partner, or
(b) Prior to the time when the limited partner became such the business had been carried on under a name in which his surname appeared.
(2) A limited partner whose name appears in a partnership name contrary to the provisions of paragraph (1) of this section is liable as a general partner to partnership creditors who extend credit to the partnership without actual knowledge that he is not a general partner.
SOURCE: CC § 2481.