Michigan § 449.23 - Partnership; continuation beyond fixed term.
Full text of Michigan Michigan Compiled Laws § 449.23 — Partnership; continuation beyond fixed term., with citation guidance and answers to common questions.
§ 449.23. Partnership; continuation beyond fixed term.
(Continuation of partnership beyond fixed term).
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.
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.
Frequently Asked Questions About Michigan § 449.23
What does Michigan Compiled Laws § 449.23 cover?
Section 449.23 ("Partnership; continuation beyond fixed term.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 449.23?
A common citation format is "Michigan Compiled Laws § 449.23" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 449.23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.