Nevada Revised Statutes 520.180 – Sharing of profits and losses: Proportion
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A member of a mining partnership shares in the profits and losses thereof in the proportion which the interest or share the member owns in the mine bears to the whole partnership capital or whole number of shares.
Terms Used In Nevada Revised Statutes 520.180
- 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.