New York Code definition

New York Code means the Limited Liability Company Law of the New York Consolidated Laws, et. seq., as the same may be amended from time to time.
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New York Code shall have the meaning set forth in Section 1.1.
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Examples of New York Code in a sentence

  • Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Depositions shall be conducted in accordance with the New York Code of Civil Procedure, the arbitrator shall be required to provide in writing to the parties the basis for the award or order of such arbitrator, and a court reporter shall record all hearings, with such record constituting the official transcript of such proceedings.

  • Depositions shall be conducted in accordance with the New York Code of Civil Procedure.

  • State Agencies The payment of interest on certain payments due and owed by a State agency may be made in accordance with Article 11-A of the State Finance Law and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation).

  • When all debts, liabilities and obligations have been paid and discharged or adequate provisions have been made therefor and all of the remaining property and assets have been distributed to the Members, Articles of Dissolution shall be executed and filed with the New York Department of State in accordance with Section 705 of the New York Code.

  • The Member shall have no personal liability for any debts or losses of the Company beyond the Member’s Capital Contribution, except as provided by Section 508 of the New York Code or other applicable law, relating to liability for wrongful distributions.

  • Upon dissolution, the Company shall cease to carry on its business, except as permitted by the New York Code.

  • The Member is not liable to the Company for any action taken in managing the business or affairs of the Company if the Member performs its duties in compliance with the standards contained in this Article VII.2 and the New York Code.

  • The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, to engage in any lawful act or activity for which limited liability companies may be formed under the New York Code and to engage in any and all activities necessary or incidental to the foregoing.

  • The Member’s liability shall be limited as set forth in this Agreement, the New York Code and other applicable law.

Related to New York Code

  • New York Convention means the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done at New York, June 10, 1958;

  • Uniform Commercial Code jurisdiction means any jurisdiction that has adopted all or substantially all of Article 9 as contained in the 2000 Official Text of the Uniform Commercial Code, as recommended by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, together with any subsequent amendments or modifications to the Official Text.

  • New York Courts shall have the meaning set forth in Section 9(d).

  • New York Court means the courts of the State of New York or the United States District Court for the Southern District of the State of New York.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.