Guam § 27404 - Rights of Creditors of Limited Partner.
Full text of Guam Guam Code Annotated § 27404 — Rights of Creditors of Limited Partner., with citation guidance and answers to common questions.
§ 27404. Rights of Creditors of Limited Partner.
(1) On due application to a court of competent jurisdiction by any
creditor of a limited partner, the court may charge the interest of the indebt-
ed limited partner with payment of the unsatisfied amount of such claim;
and may appoint a receiver and make all other orders, directions, and
inquiries which the circumstances of the case may require.
(2) The interest may be redeemed with the separate property of any
general partner, but may not be redeemed with the partnership property.
(3) The remedies conferred by paragraph (1) of this section shall not be
deemed exclusive of others which may exist.
(4) Nothing in this Chapter shall be held to deprive a limited partner of
his lawful exemption.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 27404
What does Guam Code Annotated § 27404 cover?
Section 27404 ("Rights of Creditors of Limited 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 § 27404?
A common citation format is "Guam Code Annotated § 27404" (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 § 27404 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.