Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In 18 Guam Code Ann. § 26102

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
A commercial or banking partnership, established and transacting business in a place without the United States, may use in Guam the partner- ship name used by it there, although it be fictitious, or does not show the names of the persons interested as partners in such business.

SOURCE: CC § 2467.

COMMENT: The amendment to § 26101 by P.L. 6-68 omitted any reference to publication of the notice. Therefore, the Compiler has omitted reference to publication in this section. That former reference, in any event, specifically never did require publication by foreign partnerships.