Montana Statutes
§ 35-13-206 — Partnership Not Dissolved By Sale Of Interest -- Purchaser Becomes Partner
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 13 MINING PARTNERSHIPS·Part 2 Relations Between Partners and With Third Persons
35-13-206 . Partnership not dissolved by sale of interest -- purchaser becomes partner. One of the partners in a mining partnership may convey the partner's interest in the mine and business without dissolving the partnership. The purchaser from the date of purchase becomes a member of the partnership.
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Legislative History
En. Sec. 3355, Civ. C. 1895; re-en. Sec. 5540, Rev. C. 1907; re-en. Sec. 8055, R.C.M. 1921; Cal. Civ. C. Sec. 2516; re-en. Sec. 8055, R.C.M. 1935; R.C.M. 1947, 63-1006; amd. Sec. 1317, Ch. 56, L. 2009.
Nearby Sections
10
§ 35-13-101
When A Mining Partnership Exists§ 35-13-102
Express Agreement Not Necessary To Formation§ 35-13-201
When Contract In Writing Is Binding§ 35-13-202
Owners Of Majority Interest Govern§ 35-13-203
Mine -- Partnership Property§ 35-13-204
Profits And Losses -- How Shared§ 35-13-205
Lien Of Partner For Debts Due Creditors§ 35-13-208
When Purchaser Takes With Notice Of Liens