Nevada Revised Statutes 520.250 – Decision of majority is binding
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The decision of the members owning a majority of the shares or interest in a mining partnership binds it in the conduct of its business.
Terms Used In Nevada Revised Statutes 520.250
- 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.