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S-26 - Act respecting mineral exploration partnerships

Section 18
Disposition versions

Full text
18. The property and funds of the partnership shall be employed for the purposes of mineral prospecting and exploration only, and shall not be used for any other purpose.
In particular, the partnership shall have power to acquire and dispose of all mining rights contemplated by the Mining Act (chapter M-13).
The partnership shall not have the right to borrow money, nor shall it lend money to a shareholder or to any other person.
R. S. 1964, c. 284, s. 18; 1975, c. 30, s. 99.
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