                                 CODE OF VIRGINIA

CONTINUATION OF PARTNERSHIP BEYOND DEFINITE TERM OR PARTICULAR UNDERTAKING (§
50-73.104)

A. 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.

B. 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.

HISTORY: 1996, c. 292.