Montana § 35-10-406 - Continuation Of Partnership Beyond Definite Term Or Particular Undertaking
Full text of Montana Montana Code Annotated § 35-10-406 — Continuation Of Partnership Beyond Definite Term Or Particular Undertaking, with citation guidance and answers to common questions.
§ 35-10-406. Continuation Of Partnership Beyond Definite Term Or Particular Undertaking
Continuation of partnership beyond definite term or particular undertaking. (1) 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) 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 business will not be wound up.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-10-406
What does Montana Code Annotated § 35-10-406 cover?
Section 35-10-406 ("Continuation Of Partnership Beyond Definite Term Or Particular Undertaking") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 35-10-406?
A common citation format is "Montana Code Annotated § 35-10-406" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-10-406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.