Guam § 25201 - Partnership Defined.
Full text of Guam Guam Code Annotated § 25201 — Partnership Defined., with citation guidance and answers to common questions.
§ 25201. Partnership Defined.
(1) A partnership is an association of two or more persons to carry on
as co-owners a business for profit and includes a registered limited liability
partnership.
(2) But any association formed under any other law of Guam or any
law adopted by authority, other than the authority of this government, is not
a partnership under this Chapter, unless such association would have been a
partnership in Guam prior to 1934; but this law shall apply to special
partnerships except insofar as the law relating to such partnerships is
inconsistent herewith.
Frequently Asked Questions About Guam § 25201
What does Guam Code Annotated § 25201 cover?
Section 25201 ("Partnership Defined.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 25201?
A common citation format is "Guam Code Annotated § 25201" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 25201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.