Section 53-406 - SALE OF INTEREST BY PARTNER.

ID Code § 53-406 (2019) (N/A)
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53-406. SALE OF INTEREST BY PARTNER. One of the partners in a mining partnership may convey his interest in the mine and business without dissolving the partnership. The purchaser, from the date of his purchase, becomes a member of the partnership.

History:

[(53-406) R.S., sec. 3305; reen. R.C. & C.L., sec. 3366; C.S., sec. 5861; I.C.A., sec. 52-406.]