Maine § 1046. - Continuation of partnership beyond definite term or particular undertaking
Full text of Maine Maine Revised Statutes § 1046. — Continuation of partnership beyond definite term or particular undertaking, with citation guidance and answers to common questions.
§ 1046.. Continuation of partnership beyond definite term or particular undertaking
1. Rights and duties as at expiration or completion. 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. Presumption of agreement to continue. 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.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 1046.
What does Maine Revised Statutes § 1046. cover?
Section 1046. ("Continuation of partnership beyond definite term or particular undertaking") is part of the Maine Revised Statutes, the codified statutory law of Maine. 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 Maine § 1046.?
A common citation format is "Maine Revised Statutes § 1046." (Maine). 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 Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1046. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine 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 Maine.