53-408. LIABILITY OF PURCHASER FOR LIENS RESULTING FROM RELATION OF PARTNERS TO EACH OTHER. 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 resulting from the relation of the partners to each other and to the creditors of the partnership.
History:
[(53-408) R.S., sec. 3307; reen. R.C. & C.L., sec. 3368; C.S., sec. 5863; I.C.A., sec. 52-408.]
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.