Statute · New York Limited Liability Company Law
N.Y. Ltd. Liab. Co. Law § 1106 — Definitions
N.Y. Ltd. Liab. Co. Law § 1106
- Type
- Statute
- Source
- New York Limited Liability Company Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1106. Definitions. For the purposes of this section and sections eleven hundred seven and eleven hundred eight of this article:
Citator
N.Y. Ltd. Liab. Co. Law § 1106 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1106. Definitions. For the purposes of this section and sections eleven hundred seven and eleven hundred eight of this article:
(a) "Beneficial owner" shall have the same meaning as defined in 31 U.S.C. § 5336(a)(3), as amended, and any regulations promulgated thereunder.
(b) "Reporting company" shall have the same meaning as defined in 31 U.S.C. § 5336(a)(11), as amended, and any regulations promulgated thereunder, but shall only include limited liability companies formed or authorized to do business in New York state.
(c) "Exempt company" shall mean a limited liability company or foreign limited liability company not otherwise defined as a reporting company that meets a condition for exemption enumerated in 31 U.S.C. § 5336(a)(11)(B).
(d) "Applicant" shall have the same meaning as defined in 31 U.S.C. § 5336(a)(2), as amended, and any regulations promulgated thereunder, but shall only include those relating to limited liability companies.