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New York Partnership Law Section 103 - Relation Of Limited Partners Inter Se.

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    § 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.

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Last modified: August 9, 2006