New York § 103 - 103Relation of limited partners inter se
Full text of New York New York Consolidated Laws § 103 — 103Relation of limited partners inter se, with citation guidance and answers to common questions.
§ 103. 103Relation of limited partners inter se
§ 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 103
What does New York Consolidated Laws § 103 cover?
Section 103 ("103Relation of limited partners inter se") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 103?
A common citation format is "New York Consolidated Laws § 103" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.