29-317. Admission of limited partners
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.
Structure Arizona Revised Statutes
§ 29-101 - Effect of name of trading firm upon liability of firm property for personal debts
§ 29-102 - Certificate of name required for certain firms
§ 29-103 - Partnerships not required to record certificate
§ 29-104 - Service of summons in actions against partners; judgment
§ 29-303 - Reservation of name
§ 29-304 - Specified office and agent
§ 29-307 - Business transactions of partner with partnership
§ 29-308 - Certificate of limited partnership
§ 29-309 - Amendment to certificate; restatement
§ 29-310 - Cancellation of certificate
§ 29-311 - Execution of certificates
§ 29-312 - Execution by judicial act
§ 29-313 - Filing in office of secretary of state; acceptance
§ 29-314 - Liability for false statement in certificate
§ 29-316 - Delivery of certificates to limited partners
§ 29-317 - Admission of limited partners
§ 29-319 - Liability to third parties
§ 29-320 - Person erroneously believing himself limited partner
§ 29-322 - Admission of additional general partners
§ 29-323 - Events of withdrawal
§ 29-324 - General powers and liabilities
§ 29-325 - Contributions by general partner
§ 29-327 - Form of contribution
§ 29-328 - Liability for contribution
§ 29-329 - Sharing of profits and losses
§ 29-330 - Sharing of distributions
§ 29-331 - Interim distributions
§ 29-332 - Withdrawal of general partner
§ 29-333 - Withdrawal of limited partner
§ 29-334 - Distribution on withdrawal
§ 29-335 - Distribution in kind
§ 29-336 - Right to distribution
§ 29-337 - Limitations on distribution; treatment as income
§ 29-338 - Liability on return of contribution
§ 29-339 - Nature of partnership interest
§ 29-340 - Assignment of partnership interest
§ 29-341 - Rights of judgment creditor
§ 29-342 - Right of assignee to become limited partner
§ 29-343 - Power of estate of deceased or incompetent partner
§ 29-344 - Nonjudicial dissolution
§ 29-345 - Judicial dissolution
§ 29-347 - Distribution of assets
§ 29-350 - Issuance of registration
§ 29-352 - Changes and amendments
§ 29-353 - Cancellation of registration
§ 29-354 - Transaction of business without registration
§ 29-355 - Action by attorney general
§ 29-360 - Construction and application
§ 29-363 - Rules for cases not provided for in this chapter
§ 29-364 - Application to existing limited partnership; definition
§ 29-365 - Effect of enactment on accrued rights
§ 29-367 - Limited partnership as limited liability partnership
§ 29-369 - Entity restructuring transactions
§ 29-373 - Effect of transaction; definition
§ 29-1002 - Knowledge and notice
§ 29-1003 - Effect of partnership agreement; nonwaivable provisions
§ 29-1004 - Supplemental principles of law
§ 29-1005 - Execution, filing and recording of statements
§ 29-1006 - Law governing internal relations
§ 29-1007 - Partnership subject to amendment or repeal
§ 29-1011 - Partnership as entity
§ 29-1012 - Formation of partnership
§ 29-1013 - Partnership property
§ 29-1014 - When property is partnership property
§ 29-1021 - Partner agent of partnership
§ 29-1022 - Transfer of partnership property
§ 29-1023 - Statement of partnership authority
§ 29-1024 - Statement of denial
§ 29-1025 - Partnership liable for partner's actionable conduct
§ 29-1026 - Partner's liability
§ 29-1027 - Actions by and against partnership and partners
§ 29-1028 - Liability of purported partner
§ 29-1031 - Partner's rights and duties
§ 29-1032 - Distributions in kind
§ 29-1033 - Partner's rights and duties with respect to information
§ 29-1034 - General standards of partner's conduct
§ 29-1035 - Actions by partnership and partners
§ 29-1036 - Continuation of partnership beyond definite term or particular undertaking
§ 29-1041 - Partner not co-owner of partnership property
§ 29-1042 - Partner's transferable interest in partnership
§ 29-1043 - Transfer of partner's transferable interest
§ 29-1044 - Partner's transferable interest subject to charging order
§ 29-1051 - Events causing partner's dissociation
§ 29-1052 - Partner's power to dissociate; wrongful dissociation
§ 29-1053 - Effect of partner's dissociation
§ 29-1061 - Purchase of dissociated partner's interest
§ 29-1062 - Dissociated partner's power to bind and liability to partnership
§ 29-1063 - Dissociated partner's liability to other persons
§ 29-1064 - Statement of dissociation
§ 29-1065 - Continued use of partnership name
§ 29-1071 - Events causing dissolution and winding up of partnership business
§ 29-1072 - Partnership continues after dissolution
§ 29-1073 - Right to wind up partnership business
§ 29-1074 - Partner's power to bind partnership after dissolution
§ 29-1075 - Statement of dissolution
§ 29-1076 - Partner's liability to other partners after dissolution
§ 29-1077 - Settlement of accounts and contributions among partners
§ 29-1082 - Entity restructuring transactions
§ 29-1086 - Effect of transaction; definition
§ 29-1101 - Statement of qualification
§ 29-1103 - Publication and annual reports; late filing penalty
§ 29-1104 - Designated office and agent for service of process
§ 29-1105 - Law governing foreign limited liability partnerships
§ 29-1106 - Statement of foreign qualification
§ 29-1107 - Effect of failure to qualify
§ 29-1108 - Activities not constituting transacting business
§ 29-1109 - Action by attorney general
§ 29-1110 - Uniformity of application and construction
§ 29-1111 - Effect of enactment on accrued rights
§ 29-2103 - Relationship to other laws
§ 29-2104 - Required notice or approval
§ 29-2105 - Status of filings; matters regarding filing
§ 29-2107 - Reference to external facts
§ 29-2108 - Alternative means of approval of transactions
§ 29-2110 - Recording of statements
§ 29-2203 - Approval of merger
§ 29-2204 - Amendment or abandonment of plan of merger
§ 29-2205 - Statement of merger; effective date
§ 29-2207 - Ineffectiveness of merger due to law of foreign jurisdiction
§ 29-2301 - Interest exchange authorized
§ 29-2302 - Plan of interest exchange
§ 29-2303 - Approval of interest exchange
§ 29-2304 - Amendment or abandonment of plan of interest exchange
§ 29-2305 - Statement of interest exchange; effective date
§ 29-2306 - Effect of interest exchange
§ 29-2307 - Ineffectiveness of interest exchange due to law of foreign jurisdiction
§ 29-2401 - Conversion authorized
§ 29-2402 - Plan of conversion
§ 29-2403 - Approval of conversion
§ 29-2404 - Amendment or abandonment of plan of conversion
§ 29-2405 - Statement of conversion; effective date
§ 29-2406 - Effect of conversion
§ 29-2407 - Ineffectiveness of conversion due to law of foreign jurisdiction
§ 29-2501 - Domestication authorized; definition
§ 29-2502 - Plan of domestication
§ 29-2503 - Approval of domestication
§ 29-2504 - Amendment or abandonment of plan of domestication
§ 29-2505 - Statement of domestication; effective date
§ 29-2506 - Effect of domestication
§ 29-2507 - Ineffectiveness of domestication due to law of foreign jurisdiction
§ 29-2601 - Division authorized
§ 29-2603 - Approval of division
§ 29-2604 - Amendment or abandonment of plan of division
§ 29-2605 - Statement of division; effective date
§ 29-2606 - Effect of division
§ 29-2607 - Allocation of obligations in division
§ 29-2608 - Ineffectiveness of division due to law of foreign jurisdiction
§ 29-2701 - Consistency of application
§ 29-2702 - Relation to electronic signatures in global and national commerce act
§ 29-3105 - Operating agreement; scope, function and limitations
§ 29-3108 - Nature, purpose and duration of limited liability company
§ 29-3110 - Application to existing relationships
§ 29-3111 - Supplemental principles of law and equity
§ 29-3113 - Reservation of name
§ 29-3114 - Registration of name by a foreign limited liability company
§ 29-3116 - Statement of change
§ 29-3117 - Resignation of statutory agent
§ 29-3118 - Change of name or address by statutory agent
§ 29-3119 - Service of process, notice or demand
§ 29-3120 - Delivery of record
§ 29-3121 - Reservation of power to amend or repeal
§ 29-3122 - Powers of commission
§ 29-3201 - Formation of limited liability company; articles of organization
§ 29-3202 - Amendment or restatement of articles of organization
§ 29-3203 - Signing of records to be delivered for filing to the commission
§ 29-3204 - Signing and filing pursuant to judicial order
§ 29-3205 - Liability for inaccurate information in filed record
§ 29-3206 - Filing requirements
§ 29-3207 - Effective date and time
§ 29-3208 - Withdrawal of filed record before effectiveness
§ 29-3209 - Correcting filed record
§ 29-3210 - Duty of commission to file; refusal to file; delivery of record by commission
§ 29-3211 - Certificate of good standing or registration
§ 29-3212 - Interrogatories by the commission; information disclosed by interrogatories
§ 29-3213 - Fees; filing services; definition
§ 29-3301 - Agency power of member and manager
§ 29-3304 - Liability of members and managers
§ 29-3402 - Form of contribution
§ 29-3403 - Liability for contributions
§ 29-3404 - Sharing of and right to distributions before dissolution
§ 29-3405 - Limitations on distributions
§ 29-3406 - Liability for improper distributions
§ 29-3407 - Management of limited liability company
§ 29-3408 - Reimbursement; indemnification; advancement; insurance
§ 29-3409 - Standards of conduct for members and managers
§ 29-3501 - Nature of transferable interest
§ 29-3502 - Transfer of transferable interest
§ 29-3504 - Power of legal representative of deceased member
§ 29-3601 - Power to dissociate as member; wrongful dissociation
§ 29-3602 - Events causing dissociation
§ 29-3603 - Effect of dissociation
§ 29-3701 - Events causing dissolution
§ 29-3703 - Rescinding dissolution
§ 29-3704 - Known claims against dissolved limited liability company
§ 29-3705 - Other claims against dissolved limited liability company
§ 29-3707 - Disposition of assets in winding up
§ 29-3708 - Administrative dissolution
§ 29-3710 - Judicial review of denial of reinstatement
§ 29-3801 - Direct action by member
§ 29-3805 - Special litigation committee
§ 29-3806 - Proceeds and expenses; voluntary dismissal or settlement
§ 29-3807 - Other remedies in direct and derivative actions
§ 29-3902 - Registration to do business in this state
§ 29-3903 - Foreign registration statement
§ 29-3904 - Amendment of foreign registration statement
§ 29-3905 - Activities not constituting doing business
§ 29-3906 - Noncomplying name of foreign limited liability company
§ 29-3908 - Withdrawal on dissolution
§ 29-3910 - Termination of registration
§ 29-3911 - Withdrawal of registration
§ 29-3912 - Action by attorney general
§ 29-4003 - Entity restructuring transactions
§ 29-4102 - Professional limited liability company formation
§ 29-4103 - Exclusions from article
§ 29-4104 - Application of general limited liability company law
§ 29-4105 - Special restrictions
§ 29-4107 - Professional relations and responsibility
§ 29-4108 - Disciplinary powers of regulating licensing authorities
§ 29-4201 - Uniformity of application and construction
§ 29-4202 - Relation to electronic signatures in global and national commerce act