Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
323A.0406 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) 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 partnership will continue.
History: 1997 c 174 art 4 s 25
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) 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 partnership will continue.
History: 1997 c 174 art 4 s 25
NOTE:This chapter was formerly codified as sections 323A.1-01 to 323A.12-03. See Minnesota Statutes 2002. The chapter was recodified in 2004 as sections 323A.0101 to 323A.1203. The recodification is arranged in the same sequence as the original codification.
Official Publication of the State of Minnesota
Revisor of Statutes