Arizona § 29-317 Admission of limited partners

Arizona Statutes

§ 29-317 — Admission of limited partners

Arizona § 29-317

Title 29Arizona Revised Statutes

Ch. 3LIMITED PARTNERSHIPS

Art. 3Limited Partners

This text of Arizona § 29-317 (Admission of limited partners) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 29-317 (2026).

Text

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 may be admitted as an additional limited partner:

1.In the case of a person acquiring a partnership interest directly from the limited partnership, upon the compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and

2.In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 29-342, to grant the assignee the right to become a limited partner, upon the exercise

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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 may be admitted as an additional limited partner:

1. In the case of a person acquiring a partnership interest directly from the limited partnership, upon the compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and

2. In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 29-342, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.