Arizona Statutes
§ 29-332 — Withdrawal of general partner
Arizona § 29-332
JurisdictionArizona
Title 29Arizona Revised Statutes
Ch. 3LIMITED PARTNERSHIPS
Art. 6Distributions and Withdrawal
This text of Arizona § 29-332 (Withdrawal of general partner) 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. § 29-332 (2026).
Text
A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal violates the partnership agreement, the limited partnership may recover from the withdrawing general partner damages for breach of the partnership agreement and offset the damages against the amount otherwise distributable to him. The withdrawal of a general partner who is also a limited partner does not constitute withdrawal of the partner as a limited partner or affect the partner’s rights as a limited partner.
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Nearby Sections
15
§ 29-1001
Definitions§ 29-1002
Knowledge and notice§ 29-1004
Supplemental principles of law§ 29-1006
Law governing internal relations§ 29-1011
Partnership as entity§ 29-1012
Formation of partnership§ 29-1013
Partnership property§ 29-1021
Partner agent of partnership§ 29-1022
Transfer of partnership propertyCite This Page — Counsel Stack
Bluebook (online)
Arizona § 29-332, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/29-332.