California Public Resources Code 3949 – The decision of the members owning a majority of the shares or …
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The decision of the members owning a majority of the shares or interests in a mining partnership binds it in the conduct of its business.
(Added by Stats. 1988, Ch. 259, Sec. 11.)
Terms Used In California Public Resources Code 3949
- 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.