Statutes > Montana Statutes > TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS > CHAPTER 13. MINING PARTNERSHIPS > Part 2. Relations Between Partners and with Third Persons > 35-13-204. Profits and losses -- how shared.

35-13-204. Profits and losses -- how shared.


     35-13-204. Profits and losses -- how shared. A member of a mining partnership shares in the profits and losses of the partnership in the proportion that the interest or share the member owns in the mine bears to the whole partnership capital or whole number of shares.

     History: En. Sec. 3352, Civ. C. 1895; re-en. Sec. 5537, Rev. C. 1907; re-en. Sec. 8052, R.C.M. 1921; Cal. Civ. C. Sec. 2513; re-en. Sec. 8052, R.C.M. 1935; R.C.M. 1947, 63-1003; amd. Sec. 1315, Ch. 56, L. 2009.