There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2016 New York Laws
BNK - Banking
Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Title 5-A - (5050) Limited Liability Investment Company or Limited Liability Trust Company Finance
5050 - Company finance.

NY Banking L § 5050 (2016) What's This?
 5050.  Company finance. Notwithstanding the provisions of title five
  of  this  article,  the  allocation  of  profits  and  losses,  and  the
  distribution  of  cash or other assets of a limited liability investment
  company or limited liability trust company shall be in  accordance  with
  article five of the limited liability company law.

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.