GroundRules
← Search the law
Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 87.230: Continuation of partnership beyond fixed term.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
  2. CHAPTER 87 - PARTNERSHIPS
  3. UNIFORM PARTNERSHIP ACT
  4. Property Rights of Partners

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 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 2026-09-03T05:51:31Z. Source file · JSON

Browse this collection