N.Y. BNK Law § 5050
This is the official text of N.Y. BNK Law § 5050, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Company finance
Official statutory text
§ 5050. Company finance. Notwithstanding the provisions of title five\nof this article, the allocation of profits and losses, and the\ndistribution of cash or other assets of a limited liability investment\ncompany or limited liability trust company shall be in accordance with\narticle five of the limited liability company law.\n
Status: in_force · Read it on the official government site
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