Commandite

Commandite

 

(société en commandité), a form of commercial partnership in capitalist countries.

Members of a commandite are subdivided into two categories: full partners, who bear unrestricted personal liability for the obligations of the partnership, and limited partners, who are liable for the obligations of the partnership within the limits of their contribution, whose size is determined by contract and recorded in a register. Unlike full partners, limited partners do not have a right to manage the affairs of the commandite or to act as its representatives. Commandites appeared in Western Europe in the 15th and 16th centuries; in Great Britain the commandite is represented by one of the forms of partnership with limited liability—limited partnership.

In the current practice of the capitalist states commandite is used to expedite the concentration of capital. The laws of the capitalist states provide for mandatory regulation only of those liabilities of the commandite that involve third parties; internal relations among participants in the commandite (including participation in management and the distribution of the profits) are controlled by provisions that become operative only in cases not otherwise provided for.

References in periodicals archive ?
a corporate partnership limited by shares (societe en commandite par actions) under the laws of the Grand Duchy of Luxembourg, has agreed to sell[euro]750 million principal amount of its 1.
Mais, en toute objectivite, nous ne pouvons pas nous prononcer sur le mobile d'un tel acte, et donc sur l'hypothese qu'il ait pu etre commandite.
ou en croire Die Welt, le president demissionnaire de la Fifa, Sepp Blatter, aurait commandite l'ecriture d'un article peu flatteur pour torpiller Michel Platini, candidat a sa succession.
Like their conventional counterparts, Shari'ah-compliant SICARs and SIFs can be structured as one of the five available corporate investment vehicles, such as a partnership limited by shares (societe en commandite par actions, SCA).
Les auteurs remercient l'appui financier de VALGEN (Value Addition Through Genomics and GE3LS), un projet parraine par le gouvernement du Canada par le biais de Genome Canada, Genome Prairie et Genome Quebec, ainsi que de << Enhancing Translational Stem Cell Research: Innovative Models for Multi-Sectoral Collaboration >>, un projet commandite par << Strategic Core Grant: Public Policy & ELSI Research in the Stem Cell Field >>.
Montreal mandated that the plan be developed and implemented by a metropolitan organization that manages the area's paid parking system: Societe en commandite Stationnement de Montreald (197) The latter is an agent of the Board of Trade of Metropolitan Montreal, a private consortium of businesses set to promote local growth.
Academically speaking, commandite and collective companies also exist but I have never come across any in my 20 years of legal practice.
CEEC apart from KLPC and CPC also has voting shares in CHEL, general partner of Chapais Energie, Societe en Commandite (CHESEC), which owns the 28MW biomass-fired power facility in Chapais, Quebec.
IsraE1/2l accuse l'Iran de l'avoir commandite et le mouvement chiite libanais Hezbollah de l'avoir fait executer, ce que les deux incrimines nient.
is subject to corporate taxes but also any profits of the French equivalent of a limited liability partnership, or LLP (Societe en Commandite Simple), that are attributable to the holdings of any limited partners.
Depuis le constat d'une reorganisation des flux d'apprentis entre ecoles, le ministere de la Culture a commandite trois erudes sur l'espace de formation specifique au cirque en France.
For the majority of visitors and passers-by, what first strikes them is the entanglement of a multitude of modules, one on top of the other, creating a type of, pyramid," said Max Lorte, Le Commandite of Societe en commandite Complexe d'Habitation '67 in Montreal.