Guam § 25504 - Assignment of Partner's Interest.

§ 25504. Assignment of Partner's Interest.

(1) A conveyance by a partner of his interest in the partnership does

not of itself dissolve the partnership, nor, as against the other partners in the

absence of agreement, entitle the assignee, during the continuance of the

partnership, to interfere in the management or administration of the

partnership business or affairs, or to require any information or account of

partnership transaction, or to inspect the partnership books; but it merely

entitles the assignee to receive in accordance with his contract the profits to

which the assigning partner would otherwise be entitled.

(2) In case of a dissolution of the partnership, the assignee is entitled to

receive his assignor's interest and may require an account from the date only

of the last account agreed to by all the partners.

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18 GCA BUSINESS S TRUCTURE & FUNCTION