Guam § 25404 - Partner Accountable as a Fiduciary.
Full text of Guam Guam Code Annotated § 25404 — Partner Accountable as a Fiduciary., with citation guidance and answers to common questions.
§ 25404. Partner Accountable as a Fiduciary.
(1) Every partner must account to the partnership for any benefit and
hold as trustee for it any profits derived by him without the consent of the
other partners from any transaction connected with the formation, conduct,
or liquidation of the partnership or from any use by him of its property.
(2) This section applies also to the representatives of a deceased
partner engaged in the liquidation of the affairs of the partnership as the
personal representatives of the last surviving partner.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 25404
What does Guam Code Annotated § 25404 cover?
Section 25404 ("Partner Accountable as a Fiduciary.") 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 § 25404?
A common citation format is "Guam Code Annotated § 25404" (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 § 25404 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.