New York New York City Administrative Code(new) - Chapter 1 - § 11-126 Definitions
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New York Laws > New York New York City Administrative Code(new) (ADC) > New York New York City Administrative Code(new) - Chapter 1 - § 11-126 Definitions
§ 11-126 Definitions. 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.
Section: 11-119 11-120 11-121 11-122 11-123 11-124 11-125 11-126 11-127 11-128 11-129 11-130 11-131 11-132 11-133
Last modified: February 18, 2012
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