Mass. Gen. Laws ch. 108A § 23

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 108A:23 - Continuation of partnership beyond time fixed for termination
(1) When a partnership for a fixed term or particular undertaking is continued after the termination of such term or particular undertaking without any express agreement, the rights and duties of the partners remain the same as they were at such termination, so far as is consistent with a partnership at will.
(2) A continuation of the business by the partners or such of them as habitually acted therein during the term, without any settlement or liquidation of the partnership affairs, is prima facie evidence of a continuation of the partnership.

Mass. Gen. Laws ch. 108A, § 23