Nevada Revised Statutes 520.190 – Lien of members on property of partnership
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Each member of a mining partnership has a lien on the partnership property for the debts due the creditors thereof, and for money advanced by the member for its use.
Terms Used In Nevada Revised Statutes 520.190
- 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.