18 Guam Code Ann. § 27310
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Terms Used In 18 Guam Code Ann. § 27310
- 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.
(1) A person may be a general partner and a limited partner in the same partnership at the same time.
(2) A person who is a general, and also at the same time a limited partner, shall have all the rights and powers and be subject to all the restric- tions of a general partner; except that, in respect to his contribution he shall have the rights against the other members, which he would have had if he were not also a general partner.
SOURCE: CC § 2488.