California Public Resources Code 3945 – One of the partners in a mining partnership may convey his or her …
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One of the partners in a mining partnership may convey his or her interest in the mine and business without dissolving the partnership. The purchaser, from the date of his or her purchase, becomes a member of the partnership.
(Added by Stats. 1988, Ch. 259, Sec. 11.)
Terms Used In California Public Resources Code 3945
- 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.