Arizona Revised Statutes - Title 29 Partnership - Section 29-1036 Continuation of partnership beyond definite term or particular undertaking
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29-1036. 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, as 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 continue.
Sections: 29-1027 29-1028 29-1031 29-1032 29-1033 29-1034 29-1035 29-1036 29-1041 29-1042 29-1043 29-1044 29-1051 29-1052 29-1053
Last modified: February 20, 2012
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