US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Arizona Revised Statutes » Title 29 - Partnership » Article 3 - Limited Partners

§ 29-317 – Admission of limited partners

29-317. Admission of limited partners A. A person becomes a limited partner: 1. At the time the limited partnership is formed; or 2. At any later time specified in the records of the limited partnership for becoming a limited partner. B. After the filing of a limited partnership’s original certificate of limited partnership, a person […]

§ 29-318 – Voting

29-318. Voting Subject to section 29-319, the partnership agreement may grant to all or a specified group of the limited partners the right to vote on a per capita or other basis upon any matter.

§ 29-319 – Liability to third parties

29-319. Liability to third parties A. Except as provided in subsection D of this section, a limited partner is not liable for the obligations of a limited partnership unless he is also a general partner or, in addition to the exercise of his rights and powers as a limited partner, he participates in the control […]

§ 29-320 – Person erroneously believing himself limited partner

29-320. Person erroneously believing himself limited partner A. Except as provided in subsection B, a person who makes a contribution to a business enterprise and erroneously but in good faith believes that he has become a limited partner in the enterprise is not a general partner in the enterprise and is not bound by its […]

§ 29-321 – Information

29-321. Information Each limited partner has the right to: 1. Inspect and copy any of the partnership records required to be maintained by section 29-305; and 2. Obtain from the general partners from time to time upon reasonable demand: (a) True and full information regarding the state of the business and financial condition of the […]