Guam § 25203 - Partnership Property.
Full text of Guam Guam Code Annotated § 25203 — Partnership Property., with citation guidance and answers to common questions.
§ 25203. Partnership Property.
(1) All property originally brought into the partnership stock or
subsequently acquired by purchase or otherwise, on account of the
partnership is partnership property.
(2) Unless the contrary intention appears, property acquired with
partnership funds is partnership property.
(3) Any estate in real property may be acquired in the partnership
name. Title so acquired can be conveyed only in the partnership name.
(4) A conveyance to a partnership in the partnership name, though
without words of inheritance, passes the entire estate of the grantor unless a
contrary intent appears.
Frequently Asked Questions About Guam § 25203
What does Guam Code Annotated § 25203 cover?
Section 25203 ("Partnership Property.") 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 § 25203?
A common citation format is "Guam Code Annotated § 25203" (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 § 25203 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.