Legal Definition and Related Resources of Commendam
Meaning of Commendam
In Ecclesiastical Law. The appointment of a suitable clerk to hold a void or vacant benefice or church living until a regular pastor be appointed. Hob. 144; Latch, 236. In Louisiana. A species of limited partnership. It is formed by a contract, by which one person or partnership agrees to furnish another person or partnership a certain amount, either in property or money, to be employed by the person or partnership to whom it is furnished, in his or their own name or firm, on condition of receiving a share in the profits in the proportion determined by the contract, and of being liable to losses and expenses to the amount furnished, and no more. Civ. Code La. art. 2810. A similar partnership exists in France. Code de Comm. 26, 33; Sirey, 12, pt. 2, p. 25. He who makes this contract is called, in respect to those to whom he makes the advance of capital, a partner in commendam. Civ. Code La. art. 2811.
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| Commendam in the Dictionary | Commendam in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Commendam |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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| Related topics | Commendam in the World Encyclopedia of Law |
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This definition of Commendam is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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| https://legaldictionary.lawin.org/commendam/ | The URI of Commendam (more about URIs) |
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