53-407. LIABILITY OF PURCHASER FOR PARTNERS’ LIENS FOR DEBTS AND ADVANCEMENTS. 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 debts due all creditors thereof, or advances made for the benefit of the partnership unless he purchased in good faith, for a valuable consideration, without notice of such lien.
History:
[(53-407) R.S., sec. 3306; reen. R.C. & C.L., sec. 3367; C.S., sec. 5862; I.C.A., sec. 52-407.]
Structure Idaho Code
Chapter 4 - MINING PARTNERSHIP
Section 53-401 - WHEN MINING PARTNERSHIP EXISTS.
Section 53-402 - EXPRESS AGREEMENT NOT NECESSARY.
Section 53-403 - SHARING PROFITS AND LOSSES.
Section 53-404 - LIEN OF PARTNERS AND CREDITORS.
Section 53-405 - MINE PARTNERSHIP PROPERTY.
Section 53-406 - SALE OF INTEREST BY PARTNER.
Section 53-407 - LIABILITY OF PURCHASER FOR PARTNERS’ LIENS FOR DEBTS AND ADVANCEMENTS.
Section 53-408 - LIABILITY OF PURCHASER FOR LIENS RESULTING FROM RELATION OF PARTNERS TO EACH OTHER.
Section 53-409 - MEMBERS CANNOT BIND PARTNERSHIP.
Section 53-410 - MAJORITY OF SHARES GOVERNS.