dormant partner

Example Sentences

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The dormant partner indeed might dispose of his interest to any one he chose, but if the transaction was not acknowledged by his associates, the purchaser could only be considered as his agent or attorney.

From Voyages from Montreal Through the Continent of North America to the Frozen and Pacific Oceans in 1789 and 1793 Vol. I by Mackenzie, Alexander

The former was also discharged from all duty, and became a dormant partner.

From Voyages from Montreal Through the Continent of North America to the Frozen and Pacific Oceans in 1789 and 1793 Vol. I by Mackenzie, Alexander