Section 53-403 – SHARING PROFITS AND LOSSES.
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; […]
Section 53-404 – LIEN OF PARTNERS AND CREDITORS.
53-404. LIEN OF PARTNERS AND CREDITORS. Each member of a mining partnership has a lien on the partnership property for the debts due to the creditors thereof, and for money advanced by him for its use. A lien exists in favor of the creditors notwithstanding there is an agreement among the partners that it must […]