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2021 Arizona Revised Statutes
Title 29 - Partnership
§ 29-324 - General powers and liabilities
Universal Citation:
AZ Rev Stat § 29-324 (2021)
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29-324. General powers and liabilities
A. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
B. Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners.
C. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
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