2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 41 - UNIFORM PARTNERSHIP ACT
SECTION 33-41-560. Continuation of partnership beyond fixed term or particular undertaking.
(1) 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.
(2) 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: 1962 Code Section 52-46; 1952 Code Section 52-46; 1950 (46) 1841.
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