New York Statutes
§ 5050 — Company finance
New York·Law BNK Banking·Title 5-A Limited Liability Investment Company or Limited Liability Trust Company Finance·Art. 15 General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
§ 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
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