2016 New York Laws
PTR - Partnership
Article 8 - (Partnership) LIMITED PARTNERSHIPS.
104 - Compensation of limited partner.

NY Pship L § 104 (2016) 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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