Guam § 25307 - Nature of Partner's Liability.

§ 25307. Nature of Partner's Liability.

Except as provided in paragraph (c) of this Section all partners are

liable:

COL070307

18 GCA BUSINESS S TRUCTURE & FUNCTION

(a) Jointly and severally for everything chargeable to the

partnership under § 25305 and § 25306.

(b) Jointly for all other debts and obligations of the partnership;

but any partner may enter in a separate obligation to perform a

partnership contract.

(c) A partner in a registered limited liability partnership is not

liable directly or indirectly (including by way of indemnification,

contribution, assessment or otherwise) for debts, obligations, and

liabilities of or chargeable to the partnership, whether in tort, contract

or otherwise, arising from omissions, negligence, wrongful acts,

misconduct or malpractice committed while the partnership is a

registered limited liability partnership and in the course of the partner-

ship business by another partner, or an employee, agent, or

representative of the partnership not under his direct supervision and

control.

(1) This Section shall not affect the lability of a partner in a

registered limited liability partnership for his own omissions,

negligence, wrongful acts, misconduct, or malpractice, or that of

any person under his direct supervision and control.

(2) A partner in a registered limited liability partnership is

not a proper party to a proceeding by or against a registered

limited liability partnership, the object of which is to recover

damages arising from the acts, omissions, malpractice, or

misconduct unless such partner is personally liable under item (1)

of this Subsection (c)