Nevada Code § 87.4338

Continuation of partnership beyond definite term or particular undertaking
Open in Lexace · Ask the AI about this section
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, they are
presumed to have agreed that the partnership will continue.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.