Utah § 16-18-407 - Continuation of partnership beyond definite term or particular undertaking. (Effective 10/1/2026)
Full text of Utah Utah Code § 16-18-407 — Continuation of partnership beyond definite term or particular undertaking. (Effective 10/1/2026), with citation guidance and answers to common questions.
§ 16-18-407. Continuation of partnership beyond definite term or particular undertaking. (Effective 10/1/2026)
16-18-407. 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 partnership will continue. |
Renumbered and Amended by Chapter 93, 2026 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 16-18-407
What does Utah Code § 16-18-407 cover?
Section 16-18-407 ("Continuation of partnership beyond definite term or particular undertaking. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 16-18-407?
A common citation format is "Utah Code § 16-18-407" (Utah). 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 Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 16-18-407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah 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 Utah.