Statutes, codes, and regulations
Montana Code
Title 35 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONSChapter 13 - MINING PARTNERSHIPS
Part 2 - RELATIONS BETWEEN PARTNERS AND WITH THIRD PERSONS
Section 35-13-204 - Profits and losses - how shared

Mont. Code § 35-13-204

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Current through the 2023 Regular Session
Section 35-13-204 - Profits and losses - how shared

A member of a mining partnership shares in the profits and losses of the partnership in the proportion that the interest or share the member owns in the mine bears to the whole partnership capital or whole number of shares.

§ 35-13-204, MCA

En. Sec. 3352, Civ. C. 1895; re-en. Sec. 5537, Rev. C. 1907; re-en. Sec. 8052, R.C.M. 1921; Cal. Civ. C. Sec. 2513; re-en. Sec. 8052, R.C.M. 1935; R.C.M. 1947, 63-1003; amd. Sec. 1315, Ch. 56, L. 2009.