In any case not provided for in this chapter:

Terms Used In Arizona Laws 29-363

  • 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.
  • Partnership agreement: means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business. See Arizona Laws 29-301

1. Chapter 5 of this title governs all limited partnerships formed from and after July 20, 1996.

2. All limited partnerships formed before July 20, 1996 are governed by chapter 2 of this title until the earlier of January 1, 2000 or the partnership‘s election to be governed by chapter 5 of this title in the manner required to amend the partnership agreement. Qualification as a limited liability partnership is an election to be governed by chapter 5 of this title.

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