New York Partnership Law Section 104 - Compensation Of Limited Partner.

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    § 104. Compensation of limited partner.  A limited partner may receive
  from the partnership the share of the profits or the compensation by way
  of  income  stipulated for in the certificate; provided, that after such
  payment is made, whether from the property of the partnership or that of
  a  general  partner,  the  partnership  assets  are  in  excess  of  all
  liabilities of the partnership except liabilities to limited partners on
  account of their contributions and to general partners.

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Last modified: August 9, 2006