18 Guam Code Ann. § 25609
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 18 Guam Code Ann. § 25609
- 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.
Unless otherwise agreed, the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving partner, not bankrupt, have the right to wind up the partnership affairs; provided, however, that any partner, his legal representative, or his as- signee, upon cause shown may obtain winding up by the court.
SOURCE: CC § 2431.