North Dakota Code § 45-16-06

(406) Continuation of partnership beyond definite term or particular
Open in Lexace · Ask the AI about this section
undertaking.
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 North Dakota 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.