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  4. Art. 5

Article 5
Contributions and Distributions

Sections

501
Form of capital contributions
502
Liability for contributions
503
Sharing of profits and losses
504
Sharing of distributions
505
Distributions in kind
506
Right to distribution
507
Interim distributions
508
Limitations on distributions
509
Distribution upon withdrawal
 



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Location: https://newyork.public.law/laws/n.y._limited_liability_company_law_article_5

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

Trust but verify.

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