California Public Resources Code CHAPTER 2 - Mining Partnerships

• Section 3940.
  A mining partnership exists when two or more persons who own or acquire a mining claim for the purpose of working it and extracting the...
• Section 3941.
  An express agreement to become partners or to share the profits and losses of mining is not necessary to the formation or existence of a...
• Section 3942.
  A member of a mining partnership shares in the profits and losses thereof in the proportion which the interest or share he or she owns...
• Section 3943.
  Each member of a mining partnership has a lien on the partnership property for the debts due the creditors thereof, and for money advanced by...
• Section 3944.
  The mining-ground owned and worked by partners in mining, whether purchased with partnership funds or not, is partnership property.(Added by Stats. 1988, Ch. 259, Sec.
• Section 3945.
  One of the partners in a mining partnership may convey his or her interest in the mine and business without dissolving the partnership. The purchaser,...
• Section 3946.
  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...
• Section 3947.
  A purchaser of the interest of a partner in a mine when the partnership is engaged in working it, takes with notice of all liens...
• Section 3948.
  No member of a mining partnership or other agent or manager thereof can, by a contract in writing, bind the partnership, except by express authority...
• Section 3949.
  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.(Added...
• Section 3950.
  This chapter does not apply to any operations for the extraction of oil, gas, and other hydrocarbons.(Added by Stats. 1988, Ch. 259, Sec. 11.)

Last modified: October 22, 2018