Connecticut § 34-340 - Continuation of partnership beyond definite term or particular undertaking.
Full text of Connecticut Connecticut General Statutes § 34-340 — Continuation of partnership beyond definite term or particular undertaking., with citation guidance and answers to common questions.
§ 34-340. Continuation of partnership beyond definite term or particular undertaking.
Sec. 34-340. 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.
(P.A. 95-341, S. 26, 58.)
History: P.A. 95-341 effective July 1, 1997.
Secs. 34-341 to 34-345. Reserved for future use.
PART V
TRANSFEREES AND CREDITORS OF PARTNER
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 34-340
What does Connecticut General Statutes § 34-340 cover?
Section 34-340 ("Continuation of partnership beyond definite term or particular undertaking.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. 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 Connecticut § 34-340?
A common citation format is "Connecticut General Statutes § 34-340" (Connecticut). 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 Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 34-340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut 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 Connecticut.