TITLE 53

PARTNERSHIP

CHAPTER 4

MINING PARTNERSHIP

53-403.  Sharing profits and losses. A member of a mining partnership shares in the profits and losses thereof in the proportion which the interest or share he owns in the mine, bears to the whole partnership capital or whole number of shares.

History:

[(53-403)R.S., sec. 3302; reen. R.C. & C.L., sec. 3363; C.S., sec. 5858; I.C.A., sec. 52-403.]