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2019 Idaho Code
Title 53 - PARTNERSHIP
Chapter 4 - MINING PARTNERSHIP
Section 53-402 - EXPRESS AGREEMENT NOT NECESSARY.
Universal Citation: ID Code § 53-402 (2019)
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.]
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