Colorado § 7-60-123 Rights and duties beyond term

Colorado Statutes

§ 7-60-123 — Rights and duties beyond term

Colorado § 7-60-123

Title 07Corporations

Art.Uniform Partnership Law

This text of Colorado § 7-60-123 (Rights and duties beyond term) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-60-123 (2026).

Text

(1)When a partnership for a fixed term or particular undertaking is continued after the termination of such term or particular undertaking without any express agreement, the rights and duties of the partners remain the same as they were at such termination, insofar as is consistent with a partnership at will.

(2)A continuation of the business by the partners or such of them as habitually acted therein during the term, without any settlement or liquidation of the partnership affairs, is prima facie evidence of a continuation of the partnership.

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(1) When a partnership for a fixed
term or particular undertaking is continued after the termination of such term or
particular undertaking without any express agreement, the rights and duties of the
partners remain the same as they were at such termination, insofar as is consistent
with a partnership at will.

(2) A continuation of the business by the partners or such of them as
habitually acted therein during the term, without any settlement or liquidation of
the partnership affairs, is prima facie evidence of a continuation of the partnership.