Guam § 25604 - Dissolution by Decree of Court.

§ 25604. Dissolution by Decree of Court.

(1) On application by or for a partner the court shall decree a

dissolution whenever:

(a) A partner has been declared a lunatic in any judicial

proceeding or is shown to be of unsound mind;

(b) A partner becomes in any other way incapable of performing

his part in the partnership contract;

(c) A partner has been guilty of such conduct as tends to affect

prejudicially the carrying on of the business;

(d) A partner willfully or persistently commits a breach of the

partnership agreement, or otherwise so conducts himself in matters

relating to the partnership business that it is not reasonably practicable

to carry out the business in partnership with him;

(e) The business of the partnership can be carried on only at a

loss.

(f) Other circumstances render a dissolution equitable.

(2) On the application of a purchaser of a partner's interest under '§

25504 and 25505 of this Chapter:

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(a) After the termination of the specified term or particular

undertaking;

(b) At any time if the partnership was a partnership at will when

the interest was assigned or when the charging order was issued.