Montana Code 35-13-204. Profits and losses — how shared
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35-13-204. Profits and losses — how shared. A member of a mining partnership shares in the profits and losses of the partnership in the proportion that the interest or share the member owns in the mine bears to the whole partnership capital or whole number of shares.
Terms Used In Montana Code 35-13-204
- 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.