NRS 520.170 – Express agreement unnecessary; origin of relationship.
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 interests in the mine and working it for the purpose of extracting the minerals therefrom. [2:155:1933; 1931 NCL § […]
NRS 520.180 – Sharing of profits and losses: Proportion.
A member of a mining partnership shares in the profits and losses thereof in the proportion which the interest or share the member owns in the mine bears to the whole partnership capital or whole number of shares. [3:155:1933; 1931 NCL § 5030.02]
NRS 520.190 – Lien of members on property of partnership.
Each member of a mining partnership has a lien on the partnership property for the debts due the creditors thereof, and for money advanced by the member for its use. [4:155:1933; 1931 NCL § 5030.03]
NRS 520.200 – Title to mining ground worked.
The mining ground owned and worked by partners in mining, whether purchased with partnership funds or not, is partnership property. [5:155:1933; 1931 NCL § 5030.04]
NRS 520.210 – Transfer of interests of members: Operation and effect.
One of the partners in a mining partnership may convey his or her interest in the mine and business without dissolving the partnership. The purchaser, from the date of the purchase, becomes a member of the partnership. [6:155:1933; 1931 NCL § 5030.05]
NRS 520.220 – Liability of purchaser of interest in mining ground.
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 the purchaser purchased in good faith, for a valuable consideration, without notice of such […]
NRS 520.230 – Notice of existence of liens.
A purchaser of the interest of a partner in a mine, when the partnership is engaged in working it, takes with notice of all liens resulting from the relation of the partners to each other and to the creditors of the partnership. [8:155:1933; 1931 NCL § 5030.07]
NRS 520.240 – Authority of member to bind partnership.
No member of a mining partnership or other agent or manager thereof can, by a contract in writing, bind the partnership, except by express authority derived from the members thereof. [9:155:1933; 1931 NCL § 5030.08]
NRS 520.250 – Decision of majority is binding.
The decision of the members owning a majority of the shares or interest in a mining partnership binds it in the conduct of its business. [10:155:1933; 1931 NCL § 5030.09]
NRS 520.260 – Formation of partnership under chapter 87, 87A or 88 of NRS.
Nothing contained in NRS 520.160 to 520.250, inclusive, prevents persons described in NRS 520.160 from forming a partnership under chapter 87, 87A or 88 of NRS. [11:155:1933; 1931 NCL § 5030.10]—(NRS A 1985, 1296; 2007, 487)