Idaho Code 53-410 – Majority of Shares Governs
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 53-410
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The decision of the members, owning a majority of the shares or interests in a mining partnership, binds it in the conduct of its business.