Guam § 27504 - Provisions for Existing Partnerships.
Full text of Guam Guam Code Annotated § 27504 — Provisions for Existing Partnerships., with citation guidance and answers to common questions.
§ 27504. Provisions for Existing Partnerships.
(1) A limited partnership formed under any law of Guam prior to the
adoption of this Title, may become a limited partnership under this Chapter
by complying with the provisions of § 27201, provided the Certificate sets
forth:
COL120106
18 GCA BUSINESS S TRUCTURE & FUNCTION
(a) The amount of the original contribution of each limited
partner, and the time when the contribution was made, and
(b) That the property of the partnership exceeds the amount
sufficient to discharge its liabilities to persons not claiming as general
or limited partners by an amount greater than the sum of the contribu-
tions of its limited partners.
(2) A limited partnership formed under any law of Guam prior to the
adoption of this Title, until or unless it becomes a limited partnership under
this Chapter, shall continue to be governed by the provisions of law, as they
existed prior to the repeal thereof, except that such partnership shall not be
renewed unless so provided in the original agreement.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 27504
What does Guam Code Annotated § 27504 cover?
Section 27504 ("Provisions for Existing Partnerships.") 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 § 27504?
A common citation format is "Guam Code Annotated § 27504" (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 § 27504 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.