(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 or not for profit activity during the term or undertaking, continue the business or not for profit activity without any settlement or liquidation of the partnership, they are presumed to have agreed that the partnership will continue.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 4 - Relations of Partners to Each Other and to Partnership.
Section 10A-8A-4.01 - Partner's Rights and Duties.
Section 10A-8A-4.02 - Admission of Partner.
Section 10A-8A-4.03 - Form of Contribution.
Section 10A-8A-4.04 - Liability for Contribution.
Section 10A-8A-4.05 - Sharing of Distributions Before Dissolution.
Section 10A-8A-4.06 - Interim Distributions.
Section 10A-8A-4.07 - Distribution in Kind.
Section 10A-8A-4.08 - Right to Distribution.
Section 10A-8A-4.09 - Limitations of Distribution and Liability for Improper Distributions.
Section 10A-8A-4.10 - Right of Partner and Former Partner to Information.
Section 10A-8A-4.11 - General Standards of Partner's Conduct.
Section 10A-8A-4.12 - Reliance on Reports and Information.
Section 10A-8A-4.13 - Actions by Partnership and Partners.
Section 10A-8A-4.14 - Continuation of Partnership Beyond Definite Term or Particular Undertaking.