Statutes > Montana Statutes > TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS > CHAPTER 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.

35-13-206. Partnership not dissolved by sale of interest -- purchaser becomes partner.


     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.

     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.