Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2005 Florida Statutes

SECTION 8406
Continuation of partnership beyond definite term or particular undertaking.
Section 620.8406, Florida Statutes 2005

620.8406  Continuation of partnership beyond definite term or particular undertaking.--

(1)  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.

(2)  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.--s. 13, ch. 95-242.