State Codes and Statutes

Statutes > New-york > Ptr > Article-8 > 103

§ 103. Relation of limited partners inter se.  Where there are several  limited  partners  the members may agree that one or more of the limited  partners shall have a priority over other limited  partners  as  to  the  return  of  their  contributions,  as  to  their  compensation by way of  income, or as to any other matter. If such an agreement is made it shall  be stated in the certificate, and in the absence of such a statement all  the limited partners shall stand upon equal footing.

State Codes and Statutes

Statutes > New-york > Ptr > Article-8 > 103

§ 103. Relation of limited partners inter se.  Where there are several  limited  partners  the members may agree that one or more of the limited  partners shall have a priority over other limited  partners  as  to  the  return  of  their  contributions,  as  to  their  compensation by way of  income, or as to any other matter. If such an agreement is made it shall  be stated in the certificate, and in the absence of such a statement all  the limited partners shall stand upon equal footing.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Ptr > Article-8 > 103

§ 103. Relation of limited partners inter se.  Where there are several  limited  partners  the members may agree that one or more of the limited  partners shall have a priority over other limited  partners  as  to  the  return  of  their  contributions,  as  to  their  compensation by way of  income, or as to any other matter. If such an agreement is made it shall  be stated in the certificate, and in the absence of such a statement all  the limited partners shall stand upon equal footing.