Prac., N. 8S
Categories: Commercial Law
Definition (1910 Edition)
(N. Y.) 23.—Limited partnership. A partnership consisting of one or more general partners, jointly and severally responsible as ordinary partners, and by whom the business is conducted, and one or more special partners, contributing in cash payments a apecific sum as capital to the common stock, and who are not liable for the debts of the partnership beyond the fund so contributed. 1 Rev.
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.