{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.104.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.104.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.104.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.104.html"}],"law_id":67983,"edition_id":1,"section_id":67983,"structure_id":14242,"section_number":"50-73.104","catch_line":"Continuation of partnership beyond definite term or particular undertaking","history":"1996, c. 292.","full_text":"A\n\nIf 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.B\n\nIf 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.","order_by":null,"text":{"0":{"id":246161,"text":"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.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":246162,"text":"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.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14242,"edition_id":1,"name":"Relations of Partners to Each Other and to Partnership","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 03:47:25","date_modified":"2026-06-26 03:47:25","permalink":{"id":234809,"object_type":"structure","relational_id":14242,"identifier":"4","token":"50\/2.2\/4","url":"\/50\/2.2\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12958,"edition_id":1,"name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","depth":2,"order_by":1,"parent_id":12957,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234691,"object_type":"structure","relational_id":12958,"identifier":"2.2","token":"50\/2.2","url":"\/50\/2.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12957,"edition_id":1,"name":"Partnerships","identifier":"50","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234229,"object_type":"structure","relational_id":12957,"identifier":"50","token":"50","url":"\/50\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61034,"structure_id":14242,"section_number":"50-73.100","catch_line":"Distributions in kind","url":"\/50-73.100\/","token":"50\/2.2\/4\/50-73.100","metadata":false},{"id":78859,"structure_id":14242,"section_number":"50-73.101","catch_line":"Partner's rights and duties with respect to information","url":"\/50-73.101\/","token":"50\/2.2\/4\/50-73.101","metadata":false},{"id":68178,"structure_id":14242,"section_number":"50-73.102","catch_line":"General standards of partner's conduct","url":"\/50-73.102\/","token":"50\/2.2\/4\/50-73.102","metadata":false},{"id":87191,"structure_id":14242,"section_number":"50-73.103","catch_line":"Actions by partnership and partners","url":"\/50-73.103\/","token":"50\/2.2\/4\/50-73.103","metadata":false},{"id":67983,"structure_id":14242,"section_number":"50-73.104","catch_line":"Continuation of partnership beyond definite term or particular undertaking","url":"\/50-73.104\/","token":"50\/2.2\/4\/50-73.104","metadata":false},{"id":55472,"structure_id":14242,"section_number":"50-73.99","catch_line":"Partner's rights and duties","url":"\/50-73.99\/","token":"50\/2.2\/4\/50-73.99","metadata":false}],"previous_section":{"id":87191,"structure_id":14242,"section_number":"50-73.103","catch_line":"Actions by partnership and partners","url":"\/50-73.103\/","token":"50\/2.2\/4\/50-73.103","metadata":false},"next_section":{"id":55472,"structure_id":14242,"section_number":"50-73.99","catch_line":"Partner's rights and duties","url":"\/50-73.99\/","token":"50\/2.2\/4\/50-73.99","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.104\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 292<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":234827,"object_type":"law","relational_id":67983,"identifier":"50-73.104","token":"50\/2.2\/4\/50-73.104","url":"\/50-73.104\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.104\/","token":"50\/2.2\/4\/50-73.104","dublin_core":{"Title":"Continuation of partnership beyond definite term or particular undertaking","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.104","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> 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<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If the partners, or those of them who habitually acted in the business<\/span> during the term or undertaking, continue the business<\/span> without any settlement<\/span> or liquidation<\/span> of the partnership, they are presumed to have agreed that the partnership will continue. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONTINUATION OF PARTNERSHIP BEYOND DEFINITE TERM OR PARTICULAR UNDERTAKING (\u00a7\n50-73.104)\n\nA. If a partnership for a definite term or particular undertaking is continued,\nwithout an express agreement, after the expiration of the term or completion of\nthe undertaking, the rights and duties of the partners remain the same as they\nwere at the expiration or completion, so far as is consistent with a partnership\nat will.\n\nB. If the partners, or those of them who habitually acted in the business during\nthe term or undertaking, continue the business without any settlement or\nliquidation of the partnership, they are presumed to have agreed that the\npartnership will continue.\n\nHISTORY: 1996, c. 292.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}