Determination of minority owner’s proportion of money expended or assumed indebtedness.

Checkout our iOS App for a better way to browser and research.

The proportion of money expended or indebtedness assumed by such corporation or association, and for the payment of which such joint tenant, tenant in common or coparcener is made liable under the provisions of NRS 520.010 to 520.070, inclusive, shall be deemed such an amount of money or indebtedness as bears the same proportion to the whole amount of money expended or indebtedness assumed as the interest in the mining claim owned or claimed by such joint tenant, tenant in common or coparcener bears to the whole of the mining claim.

[2:73:1865; B § 92; BH § 248; C § 264; RL § 2477; NCL § 4175]


Download our app to see the most-to-date content.