from
Bouvier's Law Dictionary, Revised 6th Ed (1856)
COMENDAM, eccles. law. When a benefice or church living is void or vacant,
it is commended to the. care of some sufficient clerk to be supplied, until
it can be supplied with a pastor. He to whom the church is thus commended is
said to hold in commendam, and he is entitled to the profits of the living.
Rob. 144; Latch, 236.
2. In Louisiana, there is a species of limited partnership called a
partnership in commendam. 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 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 of Lo. 2810. A similar partnership exists
in France. Code de Comm. 26, 33; Sirey, tom. 12, part 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 of Lo. art. 2811.