18 Guam Code Ann. § 26101
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Terms Used In 18 Guam Code Ann. § 26101
- 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.
Except as provided in the next section every person transacting business in Guam under a fictitious name and every partnership transacting business in Guam under a fictitious name, or a designation not showing the names of the persons interested as partners in such business, must file with the Director of Revenue and Taxation of Guam a certificate, stating the name in full and place of residence of such person and stating the names in full of all the members of such partnership and their places of residence.
SOURCE: CC § 2466: amended by P.L. 6-68 (1962); reference to Director of Revenue
& Taxation made pursuant to P.L. 9-228 (1968).