Banking Law § 5050 · Title 5-A. Limited Liability Investment Company or Limited Liability Trust Company Finance
Company finance
Verbatim from the official edition
Text — Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
§ 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 five of the limited liability company law.
Source of truth
- Edition
- Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/BNK5050
- Text hash
- sha256 b6d8551bbfb5a593a0831cde6e5d86bd4904bc2dcf8fb5ad763236fdbef66a20
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.