partner in commendam

partner in commendam
partner in commendam see partner

Merriam-Webster’s Dictionary of Law. . 1996.

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  • partner in commendam — a partner in civil law whose liability to creditors of the partnership is restricted to the capital furnished or agreed to be furnished so long as he does not become active and who resembles a limited partner in common law …   Useful english dictionary

  • partner in commendam — A term of the Louisiana law for limited partner. Tatum v Acadian Production Corp. (DC La) 35 F 40. See limited partnership …   Ballentine's law dictionary

  • in commendam — in com·men·dam /ˌin kə men dəm/ adj [New Latin, translation of French ( societé ) en commandité (company) in limited partnership] in the civil law of Louisiana: characterized by partnership liability that is limited to the amount of capital… …   Law dictionary

  • Partnership in commendam — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …   The Collaborative International Dictionary of English

  • partnership — part·ner·ship n: 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 pro …   Law dictionary

  • PARTNERSHIP — Formation The earliest form of commercial partnership in Jewish law was partnership in property, or joint ownership. Craftsmen or tradesmen who wished to form a partnership were required to place money in a common bag and lift it or execute some… …   Encyclopedia of Judaism

  • partnership — A business owned by two or more persons that is not organized as a corporation. A voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business,… …   Black's law dictionary

  • Limited partnership — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …   The Collaborative International Dictionary of English

  • Partnership — Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint possession or… …   The Collaborative International Dictionary of English

  • Silent partnership — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …   The Collaborative International Dictionary of English

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