{"data":{"id":"us-nyc/n.y.c.-admin.-code-11-126","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 11-126","heading":"§ 11-126 Definitions.","body":"When used in this title, the term \"partnership\" shall mean an entity classified as a partnership for federal income tax purposes, including a subchapter K limited liability company, and the term \"partner\" or the term \"member\" when used in relation to a partnership shall include a member of a subchapter K limited liability company, unless the context requires otherwise. The term \"subchapter K limited liability company\" shall mean a limited liability company classified as a partnership for federal income tax purposes. The term \"limited liability company\" means a domestic limited liability company or a foreign limited liability company, as defined in section one hundred two of the state limited liability company law, a limited liability investment company formed pursuant to section five hundred seven of the banking law, or a limited liability trust company formed pursuant to section one hundred two-a of the banking law. Notwithstanding anything herein to the contrary, this section shall not apply for purposes of chapter seventeen or nineteen of this title.","path":["New York City Administrative Code","Title 11","Chapter 1: Department of Finance"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"3a2c025279bd314b1410f6fef19d17350c53b6711c8304e341c141e57cea8199","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-11-125","next":"us-nyc/n.y.c.-admin.-code-11-127"},"notice":"GroundRules: Original legal text. Not legal advice."}