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Kentucky · Snapshot 09/05/2026

KRS 362.260: Continuation of partnership beyond fixed term.

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  1. KRS Chapter 362

(1) When a partnership for a fixed term or particular undertaking is continued after the

termination of such term or particular undertaking without any express agreement,

the rights and duties of the partners remain the same as they were at such

termination, so far as is consistent with a partnership at will.

(2) A continuation of the business by the partners or such of them as habitually acted

therein during the term, without any settlement or liquidation of the partnership

affairs, is prima facie evidence of a continuation of the partnership.

Collected 2026-09-05T20:58:55Z. Source file · JSON

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