35-13-206. Partnership not dissolved by sale of interest -- purchaser becomes partner, MCA
  1. MCA Contents
  2. TITLE 35
  3. CHAPTER 13
  4. Part 2
  5. 35-13-206 Partnership not dissolved by sale of interest -- purchaser becomes partner

Montana Code Annotated 2019

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 13. MINING PARTNERSHIPS

Part 2. Relations Between Partners and With Third Persons

Partnership Not Dissolved By Sale Of Interest -- Purchaser Becomes Partner

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.