Mining Partnership - Law Dictionary Search Results
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partnership
partnership : an association of two or more persons or entities that conduct a business for profit as co-owners see also Uniform Partnership Act in the Important Laws section compare corporation, joint venture, sole proprietorship NOTE: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, is considered a legal person, a partnership is traditionally viewed as an association of individuals rather than as an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members of a family general partnership : a partnership in which ea...
Stannary
Stannary [stannaria, fr. stannum, Lat.; stean, Cornish, tin], a tin mine.From very ancient times there were Stannary Courts in Cornwall for the administration of justice among the tinners therein, such courts being mentioned in charters of the reign of King John. In 1855 their jurisdiction was extended to Devonshire mines. The Stannaries Court Abolition Act, 1896, trans-ferred this jurisdiction (which was exercised by a Vice-Warden with an appeal to the Lord Warden and a further appeal to the Court of Appeal by virtue of s. 18 of the Judicature Act, 1873 [see now Judicature Act, 1925, s. 26)], to county courts; see Companies Act, 1929, ss. 163 (jurisdiction in winding up), 297 to 299 (attachment of debts, preferential payments, and mine club funds), 339 (1) (contributories), 357 (prohibition of unregis-tered companies having more than twenty members not to apply), 375 (jurisdiction of the Court exercising Stannaries jurisdiction); Dunbar v. Harvey, (1913) 2 Ch 530.The 'Stannaries' cove...
Cost-book mining companies
Cost-book mining companies. The statutory regulations relating to these Companies are contained in the Stannaries Acts, 1869 (32 & 33 Vict. c. 19) and 1887 (50 & 51 Vict. c. 43), and the Companies Act, 1929. The Latter Act (s. 357) has preserved the then existing provisions of the earlier Acts. Subject to the statutory provisions, it maybe said that these companies are formed thus:-A number of adventures, who have obtained permission from the landowner to work a lode, assemble; they decide on the number of shares into which their capitalis to be divided, and the number to be allotted to each; they appoint an agent, commonly called a purser, for the purpose of managing the affairs of the mine, and enter in a book, called the cost book, the minutes of their proceedings, which are signed by all present. A license to try for ores, for twelve months, or some short period, is then obtained; followed, if the search be promising, by a set, that is, a lease of the minerals, or a license to ding...
Company
Company [fr. compagnia, Ital., which word is still printed on Bank of England notes as 'compa'], a body of persons associated for purposes of busi-ness, sometimes, but not now so frequently as some years ago, styled a Joint Stock Company.A company has its origin either (1) in a charter, as the Bank of England and many insurance companies; or (2) in a special Act of Parliament, with which, as authorizing an undertaking of a public nature such as a railway, the Companies Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 16), is necessarily incorporated; or (3) in registration under the Companies Acts, 1862 and subsequent Acts, now consolidated into the (English) Companies Act, 1925 (19 & 20 Geo. 5, c. 23).By s. 13 of the Act of 1925 (1) on the registration of the memorandum of a company the registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited. (2) From the date of incorporation mentioned in the certificat...
Quota
Quota, the proportion of a contribution. See, e.g., (English) Militia Act, 1882, s. 37; (English) Land Tax Act, 1797, s. 2.Under the (English) Cinematograph Films Act, 1927 (17 & 18 Geo. 5, c. 29), the proportion in length of British films which renters and exhibitors respectively are obliged to include in any one year up to the end of March, 1938, for renting or exhibiting films in that year. In 1937 and 1938 the proportion in either case is 20 per cent. in coal mines, district schemes under Coal Mines Act, 1930 (20 & 21 Geo. 5, c. 34), as amended, e.g., by S. R. & O., 1934, Nos. 677 and 766; and 1935, Nos. 696 and 697; the proportion of the standard tonnage which each of the coal mines in the district is to be allowed to produce under the scheme as provided by s. 3, ibid.; and see the (English) Wheat Act, 1932 (22 & 23 Geo. 5,c. 24), s. 3, as to quota payments.Quota attaches to the owner of a business at the point of time the quota is granted. It is the business at the relevant time ...
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