Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In 5 Guam Code Ann. § 40201

  • 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.
There is hereby established a Community Partnership Council for the purposes of identifying sites and funding for the construction of multipurpose centers in respective municipalities.

SOURCE: Added by P.L. 30-213:2 (Dec. 13, 2010).