Sociedad

In Spanish law. Partnership. Schmidt, Civ. Law, 153, 154. SOCIETAS (Lat.)

In civil law. A contract in good faith made to share in common the profit and loss of a certain business or thing, or of all the possessions of the parties. Calv. Lex.; Inst. 3. 26; Dig. 17. 21. See "Partnership." Also, companionship or partnership in good or evil. Cicero, pro S. Rose. 34; Fleta, lib. 1, c. 38, § 18. SOCIETAS LEONINA (Lat.)

In Roman law. That kind of society or partnership by which the entire profits should belong to some of the partners, in exclusion of the rest. It was so called in allusion to the fable of the lion and other animals, who, having entered into partnership for the purpose of hunting, the lion appropriated all the prey to himself. Dig. 17. 2. 29. 2; Poth. Traite de Societe, note 12. See 2 Mc Cord (S. C.) 421; 6 Pick. (Mass.) 372. SOCIETAS NAVALIS (Lat.)

In European law. Naval partnership or company; the sailing of a number of vessels in company, for mutual protection. Otherwise called admiralitas. Locc. de Jur. Mar. lib. 2, c. 2; Id. lib. 3, c. 7. SOCIETE (Fr.)

In French law. Partnership. See "Clommendam."

In Spanish law. Partnership. Schm. Civil Law, 153, 154.

— Sociedad anonima. In Spanish and Mexican law. A business corporation. "By the corporate name, the shareholders' names are unknown to the world; and, so far as their .connection with the corporation is concerned, their own names may be said to be anonymous, that is, nameless. Hence the derivation of the term 'anonymous' as applied to a body of persons associated together in the form of a company to transact any given business under a company name which does not disclose any of their own." Hall, Mex. Law, § 749.