Arizona Laws 29-321. Information
Current as of: 2024 | Check for updates
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Each limited partner has the right to:
Terms Used In Arizona Laws 29-321
- 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
- 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. Inspect and copy any of the partnership records required to be maintained by section 29-305; and
2. Obtain from the general partners from time to time upon reasonable demand:
(a) True and full information regarding the state of the business and financial condition of the limited partnership;
(b) Promptly after becoming available, a copy of the limited partnership’s federal, state and local income tax returns for each year; and
(c) Other information regarding the affairs of the limited partnership as is just and reasonable.