N.Y. Banking Law Section 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.

Source: Section 5050 — Company finance, https://www.­nysenate.­gov/legislation/laws/BNK/5050 (updated Sep. 22, 2014; accessed Dec. 2, 2023).

Dec. 2, 2023

Last modified:
Sep. 22, 2014

§ 5050’s source at nysenate​.gov

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