In Louisiana

A species of limited partnership. 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 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 La. art. 2810. A similar partnership exists in France. Code de Comm. 26, 33; Sirey, 12, pt. 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 La. art. 2811.

Defined under Commendam in The Cyclopedic Law Dictionary.