North Carolina § 59-53 - Continuation of partnership beyond fixed term.
Full text of North Carolina North Carolina General Statutes § 59-53 — Continuation of partnership beyond fixed term., with citation guidance and answers to common questions.
§ 59-53. 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. History (1941, c. 374, s. 23.) PART 5. PROPERTY RIGHTS OF A PARTNER.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 59-53
What does North Carolina General Statutes § 59-53 cover?
Section 59-53 ("Continuation of partnership beyond fixed term.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 59-53?
A common citation format is "North Carolina General Statutes § 59-53" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-53 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.