Part-owners

The majority of the owners have a right to employ the ship in such voyages as they may please, giving a stipulation to the dissenting owners for the safe return of the ship, if the latter, upon a proper libel filed in the admiralty, require it. And the minority of the owners may employ the ship, in the like manner, if the majority decline to employ her at all.

Those who own a thing together or in common. In Maritime Law. A term applied to two or more person who own a vessel together, and not as partners. In general, when a majority of the part owners are desirous of employing such a ship upon a particular voyage or adventure, they have a right to do so upon giving security in the admiralty by stipulation to the minority, if required, to bring her back and restore the ship, or, in case of her loss, to pay them the value of their respective shares. 4 Bouv. Inst, note 3780; Abb. Shipp. 70; 3 Kent, Comm. (4th Ed.) 151; Story, Partn. § 489; 11 Pet. (U. S.) 175. When the majority do not choose to employ the ship, the minority have the same right, upon giving similar security. 11 Pet. (U. S.),175; 1 Hagg. Adm. 306; Jacobsen, Sea Laws, 442. PARTE NON C01V1PARENTE (Lat.) The party not having appeared. The condition of a cause called "default." PARTE QUACUMQUE INTEGRANTS sublata, tollitur totum. An integral part being taken away, the whole is taken away. 8 Coke, 41. PARTEi Vl ALIQUAIM RECTE INTELLIgere nemo potest, antequam totum, iterum atque iterum, perlegerit. No one can right- PARTES FINIS NIL HABUERUNT (Lat. the parties to the fine had nothing, i. e., nothing which they could convey).

In old English pleading. The plea to a fine levied by a stranger, and which only bound parties and privates. 2 Bl. Comm. 356*; Hob. 334; 1 P. Wms. 520; 1 Wooddeson, Lect. 315.

Those who own a thing together, or in common. In Maritime Law. A term applied to two or more persons who own a vessel together, and not as partners. In general, when a majority of the partowners are desirous of employing such a ship upon a particular voyage or adventure they have a right to do so upon giving security in the admiralty by stipulation to the minority, if required -to bring her back and restore the ship, or in case of her loss, to pay them the value of their respective shares; Abb. Ship. 84; 3 Kent 151; Story, Partnership § ISO; The Orleans v. Plimbus, 11 Pet. (U. S.) 175, 9 L. Ed. 077. When the majority do not choose to employ the ship, the minority have the same right, upon giving similar security; The Orleans v. Phnebus, 11 Pet. (U. S.) *175, 0 L. Ed. 077; 1 Ilagg. Adm. 300; Jacobsen, Sea-Laws 4413. Where part-owners are equally divided as to the employment upon any particular voyage, the courts of admiralty have manifested a disposition to support the right of the court to order a sale of the ship; Story, Partn. § 439; Davis v. Seneca, Gill). 10, Fed. Cas. No. 3,050. See Vessel. PARTES FINIS NIL HABUERUNT (Lat. the parties to the fine had nothing; i. e. nothing which they could convey). The plea to a tine levied by a stranger, which only hound parties and privies. 2 Rla. Com. ♦350; Hob. 334; 1 P. Wins. 520.

Joint owners; co-owners; those who have shares of ownership in the same thing, particularly a vessel.

Defined under Owner in Black's Law Dictionary.