Idaho Statutes
§ 53-402 — EXPRESS AGREEMENT NOT NECESSARY
Idaho § 53-402
This text of Idaho § 53-402 (EXPRESS AGREEMENT NOT NECESSARY) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Idaho Code § 53-402 (2026).
Text
An express agreement to become partners or to share the profits and losses of mining is not necessary to the formation or existence of a mining partnership. The relation arises from the ownership of shares or interest in the mine and working the same for the purpose of extracting the minerals therefrom.
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Legislative History
[(53-402) R.S., sec. 3301; reen. R.C. & C.L., sec. 3362; C.S., sec. 5857; I.C.A., sec. 52-402.]
Nearby Sections
12
§ 53-401
WHEN MINING PARTNERSHIP EXISTS§ 53-402
EXPRESS AGREEMENT NOT NECESSARY§ 53-403
SHARING PROFITS AND LOSSES§ 53-404
LIEN OF PARTNERS AND CREDITORS§ 53-405
MINE PARTNERSHIP PROPERTY§ 53-406
SALE OF INTEREST BY PARTNER§ 53-409
MEMBERS CANNOT BIND PARTNERSHIP§ 53-410
MAJORITY OF SHARES GOVERNS§ 53-412
RECORD CONSTRUCTIVE NOTICECite This Page — Counsel Stack
Bluebook (online)
Idaho § 53-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/53-402.