The Mining Laws of Mexico Containing a Translation of the Mining Law And Regul
The Mining Laws of Mexico Containing a Translation of the Mining Law And Regul
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The prohibition Is against the issue O'f the title to him without the permission of the President of the Republic. A foreigner may, therefore, denounce a mine and afterwards transfer his rights to a Mexican individual or to a company organized under the laws oi Mexico for that purpose. He could make himself the holder of prac- tically all the stock in such a company. Of course, the transfer contemplated must be made before the proceed- ings on the denouncement have been passed upon by the Depar...tment of Fomento. The course here suggested does not contravene either the letter or the spirit of the law. In regard to the question of incorporation under the laws of Mexico, see page H of the Introduction.
106 THE MINING LAW.
For a summary of the situation of foreigners under this Law, and especially under this and the following eight articles, see the Introduction, page 12.
ARTICLE 137.
The permission referred to in the preceding article shall be necessary in order that foreign- ers may acquire, by any other title, mining prop- t-rties or property rights therein within the afore- said zone of eighty kilometers.
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To quickly assess the difficulty of the text, read a short excerpt:
The prohibition Is against the issue O'f the title to him without the permission of the President of the Republic. A foreigner may, therefore, denounce a mine and afterwards transfer his rights to a Mexican individual or to a company organized under the laws oi Mexico for that purpose. He could make himself the holder of prac- tically all the stock in such a company. Of course, the transfer contemplated must be made before the proceed- ings on the denouncement have been passed upon by the Depar...tment of Fomento. The course here suggested does not contravene either the letter or the spirit of the law. In regard to the question of incorporation under the laws of Mexico, see page H of the Introduction.
106 THE MINING LAW.
For a summary of the situation of foreigners under this Law, and especially under this and the following eight articles, see the Introduction, page 12.
ARTICLE 137.
The permission referred to in the preceding article shall be necessary in order that foreign- ers may acquire, by any other title, mining prop- t-rties or property rights therein within the afore- said zone of eighty kilometers.
What to read after The Mining Laws of Mexico Containing a Translation of the Mining Law And Regul?
You can find similar books in the "Read Also" column, or choose other free books by Rodolfo Reyes to read onlineMoreLess
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