California Public Resources Code 3948 – No member of a mining partnership or other agent or manager thereof …
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No member of a mining partnership or other agent or manager thereof can, by a contract in writing, bind the partnership, except by express authority derived from the members thereof.
(Added by Stats. 1988, Ch. 259, Sec. 11.)
Terms Used In California Public Resources Code 3948
- Contract: A legal written agreement that becomes binding when signed.
- 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.