{"data":{"id":"us-ny/n.y.-banking-law-5050","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 5050","heading":"Company finance","body":"§ 5050. Company finance. Notwithstanding the provisions of title five\nof this article, the allocation of profits and losses, and the\ndistribution of cash or other assets of a limited liability investment\ncompany or limited liability trust company shall be in accordance with\narticle five of the limited liability company law.","path":["Banking Law","Article 15. General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies","Title 5-A. Limited Liability Investment Company or Limited Liability Trust Company Finance"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/5050","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"047ff04c36fa28f0cd0cca8e78446012bce5f8282e296a27fc3ca4c1ee7565b3","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-5016","next":"us-ny/n.y.-banking-law-6001"},"notice":"GroundRules: Original legal text. Not legal advice."}