Arizona Laws 29-302. Name
The name of each limited partnership as set forth in its certificate of limited partnership:
Terms Used In Arizona Laws 29-302
- Certificate of limited partnership: means the certificate referred to in section 29-308, and the certificate as amended or restated. See Arizona Laws 29-301
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- General partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner. See Arizona Laws 29-301
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Arizona Laws 29-301
- Partner: means a limited or general partner. See Arizona Laws 29-301
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico. See Arizona Laws 29-301
1. Shall contain the words "limited partnership" or the initials "l.p." or "LP", in upper or lower case;
2. May not contain the name of a limited partner unless:
(a) It is also the name of a general partner or the corporate name of a corporate general partner; or
(b) The business of the limited partnership had been carried on under that name before the admission of that limited partner; and
3. Must be distinguishable from the name of any limited liability company, corporation or limited partnership organized under the laws of this state or licensed or registered as a foreign limited liability company, corporation or limited partnership in this state or a name the exclusive right to which at the time, is reserved in the manner provided under the laws of this state or a trade name registered pursuant to Title 44, Chapter 10, Article 3.1. This paragraph does not apply if the applicant files with the secretary of state either of the following:
(a) The written consent of the holder of the name to use the same name and one or more words are added or deleted to make the name distinguishable from the other name.
(b) A certified copy of a final decree of a court of competent jurisdiction establishing the prior right of the applicant to use the name applied for in this state.