Idaho Statutes
§ 53-410 — MAJORITY OF SHARES GOVERNS
The decision of the members, owning a majority of the shares or interests in a mining partnership, binds it in the conduct of its business.
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Legislative History
[(53-410) R.S., sec. 3309; reen. R.C. & C.L., sec. 3370; C.S., sec. 5865; I.C.A., sec. 52-410.]
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