SOCIETE

Fr. In French law. Partnership. See COMMENDAM. Sooiete anonyme. An association where the liability of all the partners is limited. It had in England until lately no other name than that of “chartered company,” meaning thereby S joint-stock company whose shareholders, by a charter from the crown, or a special enactment of the legislature, stood exempted from any liability for the debts of the concern, beyond the amount of their subscriptions. 2 Mill, Pol. Econ. 485. Societe en commandite. In Louisiana. A partnership 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 employed by the person or partnership to whom it is furnished, in his or their own 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.