Nevada Revised Statutes 520.160 – Requisites generally
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A mining partnership exists when two or more persons who own or acquire a mining claim for the purpose of working it and extracting the mineral therefrom actually engage in working the claim.
Terms Used In Nevada Revised Statutes 520.160
- 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.