Guam § 25603 - Causes of Dissolution.
Full text of Guam Guam Code Annotated § 25603 — Causes of Dissolution., with citation guidance and answers to common questions.
§ 25603. Causes of Dissolution.
Dissolution is caused:
(1) Without violation of the agreement between the partners:
(a) By the termination of the definite term or particular
undertaking specified on the agreement;
(b) By the express will of any partner when no definite term or
particular undertaking is specified;
(c) By the express will of all the partners who have not assigned
their interests or suffered them to be charged for their separate debts,
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either before or after the termination of any specified term or
particular undertaking;
(d) By the expulsion of any partner from the business bona fide
in accordance with such a power conferred by the agreement between
the partners.
(2) In contravention of the agreement between the partners, where the
circumstances do not permit a dissolution under any provision of this
section by the express will of any partner at any time;
(3) By any event which makes it unlawful for the business of the
partnership to be carried on or for the members to carry it on in partnership;
(4) By the death of any partner;
(5) By the bankruptcy of any partner or the partnership;
(6) By decree of the court under § 25604 of this Article.
Frequently Asked Questions About Guam § 25603
What does Guam Code Annotated § 25603 cover?
Section 25603 ("Causes of Dissolution.") 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 § 25603?
A common citation format is "Guam Code Annotated § 25603" (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 § 25603 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.