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Dormant

Law Library - American Law and Legal InformationFree Legal Encyclopedia: Doom to Embargo

Latent; inactive; silent. That which is dormant is not used, asserted, or enforced.

A dormant partner is a member of a partnership who has a financial interest yet is silent, in that he or she takes no control over the business. The partner's identity is secret because the individual is unknown to the public.

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