30-23-411. 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.
History:
[30-23-411, added 2015, ch. 243, sec. 26, p. 823.]
Structure Idaho Code
Chapter 23 - GENERAL PARTNERSHIPS
Part 4 - RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP
Section 30-23-401 - PARTNER’S RIGHTS AND DUTIES.
Section 30-23-402 - BECOMING PARTNER.
Section 30-23-403 - FORM OF CONTRIBUTION.
Section 30-23-404 - LIABILITY FOR CONTRIBUTION.
Section 30-23-405 - SHARING OF AND RIGHT TO DISTRIBUTIONS BEFORE DISSOLUTION.
Section 30-23-406 - LIMITATIONS ON DISTRIBUTIONS BY LIMITED LIABILITY PARTNERSHIP.
Section 30-23-407 - LIABILITY OF IMPROPER DISTRIBUTIONS BY LIMITED LIABILITY PARTNERSHIP.
Section 30-23-408 - RIGHTS TO INFORMATION OF PARTNERS AND PERSONS DISSOCIATED AS PARTNER.
Section 30-23-409 - STANDARDS OF CONDUCT FOR PARTNERS.
Section 30-23-410 - ACTIONS BY PARTNERSHIP AND PARTNERS.
Section 30-23-411 - CONTINUATION OF PARTNERSHIP BEYOND DEFINITE TERM OR PARTICULAR UNDERTAKING.