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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1776.46 | Continuation of partnership beyond definite term or particular undertaking.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1776 Ohio Uniform Partnership Act
 
Effective:
August 6, 2008
Latest Legislation:
House Bill 332 - 127th General Assembly
PDF:
Download Authenticated PDF
 

(A) 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.

(B) If the partners, or those who habitually acted in the business during the term or undertaking, continue the business without any settlement or liquidation of the partnership, the partners are presumed to have agreed that the partnership will continue.

Available Versions of this Section