Alaska § 32.06.406 - Continuation of partnership beyond definite term or particular undertaking.
Full text of Alaska Alaska Statutes § 32.06.406 — Continuation of partnership beyond definite term or particular undertaking., with citation guidance and answers to common questions.
§ 32.06.406. 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 to the extent consistent with a partnership at will.
(b) If the partners, or the partners who habitually acted in the business during the term or undertaking, continue the business without a settlement or liquidation of the partnership, the partners continuing the business are presumed to have agreed that the partnership will continue.
Article 4. Transferable Interests, Transferees, and Creditors of Partnerships.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 32.06.406
What does Alaska Statutes § 32.06.406 cover?
Section 32.06.406 ("Continuation of partnership beyond definite term or particular undertaking.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 32.06.406?
A common citation format is "Alaska Statutes § 32.06.406" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 32.06.406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.