Guam § 25502 - Nature of Partner's Right in Specific Partnership Property.
Full text of Guam Guam Code Annotated § 25502 — Nature of Partner's Right in Specific Partnership Property., with citation guidance and answers to common questions.
§ 25502. Nature of Partner's Right in Specific Partnership Property.
(1) A partner is co-owner with his partners of specific partnership
property holding as a tenant in partnership.
(2) The incidents of his tenancy are such that:
(a) A partner, subject to the provisions of this Chapter and to any
agreement between the partners, has an equal right with his partners to
possess specific partnership property for partnership purposes, but he
has no right to possess such property for any other purpose without the
consent of his partners.
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(b) A partner's right in specific partnership property is not
assignable except in connection with the assignment of the rights of all
the partners in the same property.
(c) A partner's right in specific partnership property is not subject
to attachment, or execution, except on a claim against the partnership.
When partnership property is attached for a partnership debt the
partners, or any of them, or the representatives of a deceased partner,
cannot claim any right under the homestead of exemption laws.
(d) On the death of a partner his right in specific partnership
property vests in the surviving partner or partners, except where the
deceased was the last surviving partner, when his right in such
property vests in his legal representative. Such surviving partner or
partners, or the legal representative of the last surviving partner, has no
right to possess the partnership property for any but a partnership
purpose.
(e) A partner's right in specific partnership property is notsubject
to dower, courtesy, or allowances to widows, heirs, or next of kin, and
is not community property.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 25502
What does Guam Code Annotated § 25502 cover?
Section 25502 ("Nature of Partner's Right in Specific 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 § 25502?
A common citation format is "Guam Code Annotated § 25502" (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 § 25502 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.