Arizona Statutes

§ 29-323 — Events of withdrawal

Arizona·Title 29 Arizona Revised Statutes·Ch. 3 LIMITED PARTNERSHIPS·Art. 4 General Partners

Except as approved by the specific written consent of all partners at the time, a person ceases to be a general partner of a limited partnership upon the happening of any of the following events: 1. The general partner withdraws from the limited partnership as provided in section 29-332; 2. The general partner ceases to be a member of the limited partnership as provided in section 29-340; 3. The general partner is removed as a general partner in accordance with the partnership agreement; 4. Unless otherwise provided in writing in the partnership agreement, the general partner:

(a)Makes an assignment for the benefit of creditors;
(b)Files a voluntary petition in bankruptcy;
(c)Is adjudicated a bankrupt or insolvent;
(d)Files a petition or answer seeking for himself any reorganiz

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