There Is a Newer Version of the New York Consolidated Laws
2012 New York Consolidated Laws
PTR - Partnership
Article 8 - (90 - 119) LIMITED PARTNERSHIPS.
104 - Compensation of limited partner.
NY Pship L § 104 (2012) What's This?
§ 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.
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