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5050 — New York Law | CourtGPT
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  5. Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies/
  6. Title 5 A/
  7. 5050
New York Legal Code

5050

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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.