New York § 103 Relation of limited partners inter se

New York Statutes

§ 103 — Relation of limited partners inter se

New York·Law PTR Partnership·Art. 8 Limited Partnerships

  § 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

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§ 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

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