Dormant partner


Also found in: Dictionary.

DORMANT PARTNER. One who is a participant in the profits of a firm, but his name being concealed, his interest is not apparent. See Partners,

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Acharya said most of the questions today related to acquisition of property by the companies of which she was a "dormant partner and was not related to the day-to-day activities.
Q: My brother is running an export firm in India in which I am a dormant partner along with my wife.
I am a dormant partner in a firm which is member of a stock exchange.
For the return of income which was filed by the partnership firm in which I have been a dormant partner for many years, the assessment was completed one year ago.