§ 27101 Limited Partnership Defined
§ 27201 Formation
§ 27301 Business which may be Carried on
§ 27302 Character of Limited Partner\’s Contribution
§ 27304 Liability for False Statements in Certificate
§ 27305 Limited Partner is not Liable to Creditors
§ 27306 Admission of Additional Limited Partners
§ 27307 Rights, Powers, and Liabilities of a General Partner
§ 27308 Rights of Limited Partner
§ 27309 Status of Person Erroneously Believing Himself a Limited\r\nPartner
§ 27310 One Person both General and Limited Partner
§ 27311 Loans and other Business Transactions with Limited Partner
§ 27312 Relation of Limited Partners Inter Se
§ 27313 Compensation of Limited Partner
§ 27314 Withdrawal or Reduction of Limited Partner\’s Contribution
§ 27315 Liability of Limited Partner to Partnership
§ 27316 Nature of Limited Partner\’s Interest in Partnership
§ 27401 Assignment of Limited Partner\’s Interest
§ 27402 Effect of Retirement, Death, or Insanity of a General Partner
§ 27403 Death of Limited Partner
§ 27404 Rights of Creditors of Limited Partner
§ 27405 Distribution of Assets
§ 27406 When Certificate shall be Canceled or Amended
§ 27408 Parties to Actions
§ 27502 Rules of Construction
§ 27503 Rules for Cases not Provided for in this Chapter
§ 27504 Provisions for Existing Partnerships
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Terms Used In Guam Code > Title 18 > Chapter 27 - Limited Partnerships

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Executor: A male person named in a will to carry out the decedent
  • Fraud: Intentional deception resulting in injury to another.
  • Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • Personal property: All property that is not real property.
  • Trustee: A person or institution holding and administering property in trust.