§ 17-21-407 — Continuation of partnership beyond definite term or particular undertaking

(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) A continuation of the business by the partners or
those of them who habitually acted in the business during the
term or undertaking, without any settlement or liquidation of
the partnership business, is prima facie evidence of an
agreement that the business will not be wound up.