53-402 EXPRESS AGREEMENT NOT NECESSARY. - Idaho Statutes

TITLE 53

PARTNERSHIP

CHAPTER 4

MINING PARTNERSHIP

53-402. Express agreement not necessary. 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 interest in the mine and working the same for the purpose of extracting the minerals therefrom.