Definition of COMENDAM


COMENDAM

eccles. law. When a benefice or church living is void or
vacant, it is commended to the. care of some sufficient clerk to be supplied,
until it can be supplied with a pastor. He to whom the church is thus commended
is said to hold in commendam, and he is entitled to the profits of the living.
Rob. 144; Latch, 236.

2. In Louisiana, there is a species of limited partnership called a partnership
in commendam. It is 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. Civ. Code of Lo. 2810. A similar partnership exists in France. Code
de Comm. 26, 33; Sirey, tom. 12, part 2, p. 25. He who makes this contract
is called in respect to those to whom he makes the advance of capital, a
partner in commendam. Civ. Code of Lo. art. 2811.

Source: Bouviers Law Dictionary 1856 Edition

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