Nevada Revised Statutes 520.020 – Determination of minority owner’s proportion of money expended or assumed indebtedness
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The proportion of money expended or indebtedness assumed by such corporation or association, and for the payment of which such joint tenant, tenant in common or coparcener is made liable under the provisions of NRS 520.010 to 520.070, inclusive, shall be deemed such an amount of money or indebtedness as bears the same proportion to the whole amount of money expended or indebtedness assumed as the interest in the mining claim owned or claimed by such joint tenant, tenant in common or coparcener bears to the whole of the mining claim.
Terms Used In Nevada Revised Statutes 520.020
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.