Pol. Econ
Categories: Contracts
Definition (1910 Edition)
485.—Soci6t6 en commandite. In Louisiana. A partnership 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.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.