TITLE 53

PARTNERSHIP

CHAPTER 4

MINING PARTNERSHIP

53-407.  Liability of purchaser for partners’ liens for debts and advancements. A purchaser of an interest in the mining ground of a mining partnership takes it subject to the liens existing in favor of the partners for debts due all creditors thereof, or advances made for the benefit of the partnership unless he purchased in good faith, for a valuable consideration, without notice of such lien.

History:

[(53-407) R.S., sec. 3306; reen. R.C. & C.L., sec. 3367; C.S., sec. 5862; I.C.A., sec. 52-407.]