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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 15
General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
TITLE 5-A
Limited Liability Investment Company or Limited Liability Trust Company Finance
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TITLE 5-A
Limited Liability Investment Company or Limited Liability Trust Company Finance
This entry was published on 2014-09-22
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SECTION 5050
Company finance
Banking (BNK) CHAPTER 2, ARTICLE 15, TITLE 5-A
§ 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.