New York § 104 Compensation of limited partner

New York Statutes

§ 104 — Compensation of limited partner

New York § 104

Law PTRPartnership

Art. 8Limited Partnerships

This text of New York § 104 (Compensation of limited partner) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Partnership § 104 (2026).

Text

  § 104. Compensation of limited partner.  A limited partner may receive\nfrom the partnership the share of the profits or the compensation by way\nof income stipulated for in the certificate; provided, that after such\npayment is made, whether from the property of the partnership or that of\na general partner, the partnership assets are in excess of all\nliabilities of the partnership except liabilities to limited partners on\naccount of their contributions and to general partners.\n

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§ 104. Compensation of limited partner. A limited partner may receive\nfrom the partnership the share of the profits or the compensation by way\nof income stipulated for in the certificate; provided, that after such\npayment is made, whether from the property of the partnership or that of\na general partner, the partnership assets are in excess of all\nliabilities of the partnership except liabilities to limited partners on\naccount of their contributions and to general partners.\n