N.Y. PTR Law § 103
This is the official text of N.Y. PTR Law § 103, part of New York’s PTR Law — part of the compiled statutory law of New York, published by the state as "PTR Law." Browse the sections below, each linked to its official government source.
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Relation of limited partners inter se
Official statutory text
§ 103. Relation of limited partners inter se. Where there are several\nlimited partners the members may agree that one or more of the limited\npartners shall have a priority over other limited partners as to the\nreturn of their contributions, as to their compensation by way of\nincome, or as to any other matter. If such an agreement is made it shall\nbe stated in the certificate, and in the absence of such a statement all\nthe limited partners shall stand upon equal footing.\n
Status: in_force · Read it on the official government site
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