2006 New York Code - Compensation Of Limited Partner.



 
    § 104. Compensation of limited partner.  A limited partner may receive
  from the partnership the share of the profits or the compensation by way
  of  income  stipulated for in the certificate; provided, that after such
  payment is made, whether from the property of the partnership or that of
  a  general  partner,  the  partnership  assets  are  in  excess  of  all
  liabilities of the partnership except liabilities to limited partners on
  account of their contributions and to general partners.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.