Montana § 35-10-406 Continuation Of Partnership Beyond Definite Term Or Particular Undertaking

Montana Statutes

§ 35-10-406 — Continuation Of Partnership Beyond Definite Term Or Particular Undertaking

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 10 PARTNERSHIPS IN GENERAL·Part 4 Relation of Partners to Partnership and to One Another

35-10-406 . Continuation of partnership beyond definite term or particular undertaking.

(1)If a partnership for a definite term or particular undertaking is continued without an express agreement after the expiration of the term or completion of the undertaking, the rights and duties of the partners remain the same as they were at the expiration or completion, so far as is consistent with a partnership at will.

(2)If the partners or those of them who habitually acted in the business during the term or undertaking continue the business without any settlement or liquidation of the partnership, they are presumed to have agreed that the business will not be wound up.

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35-10-406 . Continuation of partnership beyond definite term or particular undertaking. (1) If a partnership for a definite term or particular undertaking is continued without an express agreement after the expiration of the term or completion of the undertaking, the rights and duties of the partners remain the same as they were at the expiration or completion, so far as is consistent with a partnership at will.
(2) If the partners or those of them who habitually acted in the business during the term or undertaking continue the business without any settlement or liquidation of the partnership, they are presumed to have agreed that the business will not be wound up.

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