International Encyclopedia of Comparative Law Online

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X. The Participation Association
(5,056 words)

Volume XIII: Business and Private Organizations | Chapter 1 (1976): Partnership and Other Personal Associations for Profit

176. Concept. – The participation association is nothing more than a simple contract between the parties: it does not have any legal effects on third parties. It is probably the form of business association which most closely resembles the societas of roman law.1 Only one of the members (whom we shall call the business member) enters into legal relations with third parties and he does so in his own name but for the common account. T…

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Jacques Heenen, “X. The Participation Association”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 25 January 2022 <>
First published online: 2018

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