New York Laws
LLC - Limited Liability Company Law
Article 5 - Contributions and Distributions

501 - Form of Capital Contributions. - § 501. Form of capital contributions. The contribution of a...

502 - Liability for Contributions. - (b) Unless otherwise provided in the operating agreement and except...

503 - Sharing of Profits and Losses. - § 503. Sharing of profits and losses. The profits and...

504 - Sharing of Distributions. - § 504. Sharing of distributions. Distributions of cash or other...

505 - Distributions in Kind. - (b) Except as provided in the operating agreement, a member...

506 - Right to Distribution. - § 506. Right to distribution. Subject to sections five hundred...

507 - Interim Distributions. - § 507. Interim distributions. Except as provided in this chapter,...

508 - Limitations on Distributions. - (b) A member who receives a distribution in violation of...

509 - Distribution Upon Withdrawal. - § 509. Distribution upon withdrawal. Except as provided in this...