Indiana Statutes
§ 23-4-1-23 — Continuation of partnership beyond fixed term
Indiana § 23-4-1-23
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 4PARTNERSHIPS
Ch. 1Uniform Partnership Act
This text of Indiana § 23-4-1-23 (Continuation of partnership beyond fixed term) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-4-1-23 (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,
so far 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.
Formerly: Acts 1949, c.114, s.23.
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Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-4-1-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-4-1-23.