Idaho Code 53-405 – Mine Partnership Property
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 53-405
- 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.
- Property: includes both real and personal property. See Idaho Code 73-114
The mining ground owned and worked by partners in mining, whether purchased with partnership funds or not, is partnership property.