Oregon § 67.165 Continuation of partnership beyond definite term or particular undertaking

Oregon Statutes

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

Oregon § 67.165

Vol.2

Title 7Corporations and Partnerships

Ch. 67Partnerships; Limited Liability Partnerships

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Bluebook

Or. Rev. Stat. § 67.165 (2026).

Text

(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 and all partners have notice of such continuation, there is a rebuttable presumption that the partners have agreed that the partnership will continue. [1997 c.775 §22] (Transferees and Creditors of Partner)

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(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 and all partners have notice of such continuation, there is a rebuttable presumption that the partners have agreed that the partnership will continue. [1997 c.775 §22]
(Transferees and Creditors of Partner)