partner in commendam

Definition of "partner in commendam"
  1. A type of limited partner, as recognized by Louisiana's civil law
How to use "partner in commendam" in a sentence
  1. The new investor decided to become a partner in commendam for the successful tech firm.
  2. She agreed to be a partner in commendam in order to share in the company’s profits without participating in its daily affairs.
  3. With the partner in commendam agreement, he was able limit his liability in the investment.

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