Section 53-401 – WHEN MINING PARTNERSHIP EXISTS.
53-401. WHEN MINING PARTNERSHIP EXISTS. A mining partnership exists when two (2) or more persons who own or acquire a mining claim for the purpose of working it and extracting the mineral therefrom, actually engage in working the same. History: [(53-401) R.S., sec. 3300; reen. R.C. & C.L., sec. 3361; C.S., sec. 5856; I.C.A., sec. […]
Section 53-402 – EXPRESS AGREEMENT NOT NECESSARY.
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 […]