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Silent Partners

The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The Cyclopedic Law Dictionary

Those who take no active part in the management of the business. They may be either ostensible or secret partners.

Dormant Partners

Such as are both secret and silent partners. The term_ is sometimes applied, however, as meaning merely a secret partner, and sometimes as meaning a silent partner.

Pars. Partn. §31. —