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.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 13. Mining Partnerships
Part 2. Relations Between Partners and With Third Persons
35-13-201. When contract in writing is binding
35-13-202. Owners of majority interest govern
35-13-203. Mine -- partnership property
35-13-204. Profits and losses -- how shared
35-13-205. Lien of partner for debts due creditors
35-13-206. Partnership not dissolved by sale of interest -- purchaser becomes partner
35-13-207. Purchaser takes subject to liens -- exception for good faith purchaser