Sharing of profits and losses: Proportion.

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

A member of a mining partnership shares in the profits and losses thereof in the proportion which the interest or share the member owns in the mine bears to the whole partnership capital or whole number of shares.

[3:155:1933; 1931 NCL § 5030.02]


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