partnership in commendam

partnership in commendam
partnership in commendam see partnership

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

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  • Partnership in commendam — Commendam Com*men dam, n. [LL. dare in commendam to give into trust.] (Eng. Eccl. Law) A vacant living or benefice commended to a cleric (usually a bishop) who enjoyed the revenue until a pastor was provided. A living so held was said to be held… …   The Collaborative International Dictionary of English

  • 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

  • Commendam — Com*men dam, n. [LL. dare in commendam to give into trust.] (Eng. Eccl. Law) A vacant living or benefice commended to a cleric (usually a bishop) who enjoyed the revenue until a pastor was provided. A living so held was said to be held in… …   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 — 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

  • commendam — /kamendam/ 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. In commercial law, a species of limited partnership. The limited partnership (or societe …   Black's law dictionary

  • commendam — /kamendam/ 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. In commercial law, a species of limited partnership. The limited partnership (or societe …   Black's law dictionary

  • 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

  • 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

  • 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

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