Okla. Stat. tit. 54, § 54-1-406
This is the official text of Okla. Stat. tit. 54, § 54-1-406, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Continuation of Partnership beyond Definite Term or
Official statutory text
Particular Undertaking.
Continuation of Partnership beyond Definite Term or Particular
Undertaking. (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 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.
Continuation of Partnership beyond Definite Term or Particular
Undertaking. (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 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.
Status: in_force · Read it on the official government site
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