56a-406. 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: L. 1998, ch. 93, ยง 25; Jan. 1, 1999.
Structure Kansas Statutes
Chapter 56a - Kansas Uniform Partnership Act
Article 4 - Relations Of Partners To Each Other And To Partnership
56a-401 Partner's rights and duties.
56a-402 Distributions in kind.
56a-403 Partner's rights and duties with respect to information.
56a-404 General standards of partner's conduct.
56a-405 Actions by partnership and partners.
56a-406 Continuation of partnership beyond definite term or particular undertaking.