California Public Resources Code 3946 – A purchaser of an interest in the mining-ground of a mining …
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A purchaser of an interest in the mining-ground of a mining partnership takes it subject to the liens existing in favor of the partners for debts due all creditors thereof, or advances made for the benefit of the partnership, unless he or she purchased in good faith, for a valuable consideration, without notice of that lien.
(Added by Stats. 1988, Ch. 259, Sec. 11.)
Terms Used In California Public Resources Code 3946
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.