TITLE 53

PARTNERSHIP

CHAPTER 4

MINING PARTNERSHIP

53-402.  Express agreement not necessary. An express agreement to become partners or to share the profits and losses of mining is not necessary to the formation or existence of a mining partnership. The relation arises from the ownership of shares or interest in the mine and working the same for the purpose of extracting the minerals therefrom.

History:

[(53-402) R.S., sec. 3301; reen. R.C. & C.L., sec. 3362; C.S., sec. 5857; I.C.A., sec. 52-402.]