§ 5050. Company finance. Notwithstanding the provisions of title five of this article, the allocation of profits and losses, and the distribution of cash or other assets of a limited liability investment company or limited liability trust company shall be in accordance with Article 5 of the limited liability company law.

Terms Used In N.Y. Banking Law 5050

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  Previous section
Next section  
 Title 5-A Contents