Idaho Statutes
§ 53-403 — SHARING PROFITS AND LOSSES
Idaho § 53-403
This text of Idaho § 53-403 (SHARING PROFITS AND LOSSES) 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 § 53-403 (2026).
Text
A member of a mining partnership shares in the profits and losses thereof in the proportion which the interest or share he owns in the mine, bears to the whole partnership capital or whole number of shares.
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Legislative History
[(53-403)R.S., sec. 3302; reen. R.C. & C.L., sec. 3363; C.S., sec. 5858; I.C.A., sec. 52-403.]
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 § 53-403, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/53-403.