California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 3.5. MINES AND MINING |
Chapter 2. Mining Partnerships |
Section 3941.
Latest version.
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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 mining partnership. The relation arises from the ownership of shares or interests in a mine and working it for the purpose of extracting the minerals therefrom.
(Added by Stats. 1988, Ch. 259, Sec. 11.)