N.Y. Banking Law 5050 – Company finance
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§ 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.