53-403. Sharing profits and losses.
37 words·~1 min read·
/id/title-53-partnership/chapter-4-mining-partnership/53-403·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.