18 Guam Code Ann. § 25501
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 18 Guam Code Ann. § 25501
- 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 property rights of a partner are (1) his rights in specific partnership property, (2) his interest in the partnership, and (3) his right to participate in the management.
SOURCE: CC § 2418.