Mine Evaluation.
Section 94
SEC. 94. Mine Evaluation. - The appraisal or reappraisal, valuation or re-evaluation of any mine, mining claim or claims with or without improvements thereon, whether patented, leased or otherwise, for the purpose of raising capital for the formation or organization of a partnership or corporation or for determining the present net value of the mines, shall be made by the Director or his duly authorized representative. No mine, mining claim or claims with or without improvements thereon, whether patented, leased or otherwise, shall be accepted as asset or basis of any asset in any formation or organization of a partnership or corporation without the value thereof having been first appraised or determined by the Director as herein provided.