Guam § 25505 - Partner's Interest Subject to Charging Order.

§ 25505. Partner's Interest Subject to Charging Order.

On due application to a competent court by any judgment creditor of a

partner, the court which entered the judgment, order, or decree, or any other

court, may charge the interest of the debtor partner with payment of the

unsatisfied amount of such judgment debt, with interest thereon; and may

then or later appoint a receiver of his share of the profits, and of any other

money due or to fall due to him in respect of the partnership, and make all

other orders, directions, accounts, and inquiries which the debtor partner

might have made, or which the circumstances of the case may require.

(2) The interest charged may be redeemed at any time before

foreclosure, or in case of a sale being directed by the court, may be

purchased without thereby causing a dissolution:

(a) With separate property, by any one or more of the partners, or

(b) With partnership property, by any one or more of the partners

with the consent of all the partners whose interests are not so charged

or sold.

(3) Nothing in this Chapter shall be held to deprive a partner of his

right, if any, under the exemption laws, as regards his interest in the

partnership.