Dormant
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
Sleeping; silent; not known; not acting.
Dormant Judgment
One upon which itor delivers to the sheriff, with directions to levy only, and not to sell, until further orders, or until a junior execution is received.
Dormant Judgment
One upon which no execution is issued until the time limited for issuing execution, as of course, has run out.
Dormant Partners
A dormant partner is one whose name is not known, or does not appear as partner, but who nevertheless is a silent partner, and partakes of the profits, and thereby becomes a partner, either absolutely, to all intents and purposes, or at all events, in respect to third persons. According to Mr. Justice Story, dormant partners, in strictness of language, mean those who are merely passive in the firm, whether known or unknown, in contradistinction to those who are active and conduct the business of the firm as principals.
Story, Partn. § 80.