Arizona Statutes

§ 29-323 — Events of withdrawal

Arizona § 29-323
JurisdictionArizona
Title 29Arizona Revised Statutes
Ch. 3LIMITED PARTNERSHIPS
Art. 4General Partners

This text of Arizona § 29-323 (Events of withdrawal) 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. § 29-323 (2026).

Text

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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Related

TP Racing, L.L.L.P. v. Simms
307 P.3d 56 (Court of Appeals of Arizona, 2013)
16 case citations
Mw2 Investments v. Imh Special
(Court of Appeals of Arizona, 2019)

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Bluebook (online)
Arizona § 29-323, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/29-323.