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Terms Used In 18 Guam Code Ann. § 26105

  • 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.
Every person 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, who has filed a certificate in accordance with § 26101, may, upon ceasing to use that name, file with the Director of Revenue & Taxation a certificate of abandonment of name, stating the name in full and the place of residence of such person, and stating the names in full of all the members of such partnership and their

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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 26 USE OF FICTITIOUS NAMES

places of residence. Such certificate shall be filed by the person therein referred to, or by one or more of the partners, as the case may be.

SOURCE: CC § 2469.1 added by P.L. 6-68.