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

Wyoming Statutes

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

Wyoming § 17-21-407

Title 17Corporations, Partnerships and Associations

Ch. 21UNIFORM PARTNERSHIP ACT

Art. 4RELATIONS OF PARTNERS TO EACH OTHER

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Bluebook

Wyo. Stat. Ann. § 17-21-407 (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)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.

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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) 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.