Idaho Code 53-408 – Liability of Purchaser for Liens Resulting From Relation of Partners to Each Other
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Idaho Code 53-408
- 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.
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.