partnership in commendam

Definition of "partnership in commendam"
  1. This term refers to a kind of limited partnership established under Louisiana's civil law
How to use "partnership in commendam" in a sentence
  1. A group of investors decided to form a partnership in commendam to limit individual liability.
  2. Under Louisiana civil law, the company was identified as a partnership in commendam.
  3. The partnership in commendam was established to bring together different players while keeping their financial risks distinct.

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