Guam § 27307 - Rights, Powers, and Liabilities of a General Partner.
Full text of Guam Guam Code Annotated § 27307 — Rights, Powers, and Liabilities of a General Partner., with citation guidance and answers to common questions.
§ 27307. Rights, Powers, and Liabilities of a General Partner.
(1) A general partner shall have all the rights and powers and be subject
to all the restrictions and liabilities of a partner in a partnership without
limited partners, except that without the written consent or ratification of the
specific act by all the limited partners, a general partner or all of the general
partners have no authority to --
(a) Do any act in contravention of the certificate,
(b) Do any act which would make it impossible to carry on the
ordinary business of the partnership,
(c) Confess a judgement against the partnership,
(d) Possess partnership property, or assign their rights in specific
partnership property, for other than a partnership purpose,
(e) Admit a person as a general partner,
(f) Admit a person as a limited partner, unless the right so to do is
given in the certificate,
(g) Continue the business with partnership property on the death,
retirement, or insanity of a general partner, unless the right so to
do is given in the certificate.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 27307
What does Guam Code Annotated § 27307 cover?
Section 27307 ("Rights, Powers, and Liabilities of a General Partner.") 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 § 27307?
A common citation format is "Guam Code Annotated § 27307" (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 § 27307 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.