Ohio § 1776.46 Continuation of partnership beyond definite term or particular undertaking

Ohio Statutes

§ 1776.46 — Continuation of partnership beyond definite term or particular undertaking

Ohio § 1776.46

Title 17Corporations-Partnerships

Ch. 1776Ohio Uniform Partnership Act

This text of Ohio § 1776.46 (Continuation of partnership beyond definite term or particular undertaking) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1776.46 (2026).

Text

(A)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.

(B)If the partners, or those who habitually acted in the business during the term or undertaking, continue the business without any settlement or liquidation of the partnership, the partners are presumed to have agreed that the partnership will continue.

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(A) 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.

(B) If the partners, or those who habitually acted in the business during the term or undertaking, continue the business without any settlement or liquidation of the partnership, the partners are presumed to have agreed that the partnership will continue.