{"data":{"id":"us-ky/krs-362.1-406","jurisdiction":"us-ky","citation":"KRS 362.1-406","heading":"Continuation of partnership beyond definite term or particular","body":"undertaking.\n(1) If a partnership for a definite term or particular undertaking is continued, without an\nexpress agreement, after the expiration of the term or completion of the\nundertaking, then the rights and duties of the partners remain the same as they were\nat the expiration or completion, so far as is consistent with a partnership at will.\n(2) If the partners, or the partners who habitually acted in the business during the term\nor undertaking, continue the business without any settlement or liquidation of the\npartnership, then they are presumed to have agreed that the partnership will\ncontinue.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34490","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:57Z","sha256":"afe4844f3b405243fad9c4cd4ed2497f42aedc4c5e2099c901abc36cb86872fa","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.1-405","next":"us-ky/krs-362.1-501"},"notice":"GroundRules: Original legal text. Not legal advice."}