Idaho Statutes
§ 53-407 — LIABILITY OF PURCHASER FOR PARTNERS’ LIENS FOR DEBTS AND ADVANCEMENTS
A purchaser of an interest in the mining ground of a mining partnership takes it subject to the liens existing in favor of the partners for debts due all creditors thereof, or advances made for the benefit of the partnership unless he purchased in good faith, for a valuable consideration, without notice of such lien.
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Idaho § 53-407 (LIABILITY OF PURCHASER FOR PARTNERS’ LIENS FOR DEBTS AND ADVANCEMENTS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[(53-407) R.S., sec. 3306; reen. R.C. & C.L., sec. 3367; C.S., sec. 5862; I.C.A., sec. 52-407.]
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 NOTICE