Sections
Article 1 General Provisions 29-601 – 29-615
Article 2 Formation and Articles of Organization 29-631 – 29-637
Article 3 Relationship of Limited Liability Company and Members to Third Persons 29-651 – 29-657
Article 4 Member Relationships 29-681 – 29-683
Article 5 Contributions and Distributions 29-701 – 29-709
Article 6 Members 29-731 – 29-734
Article 7 Mergers and Other Restructuring Transactions 29-751 – 29-754
Article 8 Dissolution 29-781 – 29-786
Article 9 Foreign Limited Liability Companies 29-801 – 29-812
Article 10 Derivative Actions 29-831 – 29-833
Article 11 Professional Limited Liability Companies 29-841 – 29-848
Article 12 Miscellaneous 29-851 – 29-858

Terms Used In Arizona Laws > Title 29 > Chapter 4

  • Abuse: means the infliction or allowing of physical injury, impairment of bodily function or disfigurement or the infliction of or allowing another person to cause serious emotional damage as evidenced by severe anxiety, depression, withdrawal or untoward aggressive behavior and which emotional damage is diagnosed by a medical doctor or psychologist and is caused by the acts or omissions of an individual who has the care, custody and control of a child. See Arizona Laws 8-201
  • Adult: means a person who is eighteen years of age or older. See Arizona Laws 8-201
  • Allegation: something that someone says happened.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Articles of organization: means the initial articles of organization as amended or restated from time to time. See Arizona Laws 29-601
  • Assignee: means any person who acquires in any manner the ownership of an interest in a limited liability company and who has not been admitted as a member. See Arizona Laws 29-601
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Board: means the officer, agency, court or other authority in this state empowered by law to license or otherwise authorize the rendition of a professional service. See Arizona Laws 29-841
  • Capital contribution: means cash, other property, the use of property, services rendered or any other valuable consideration transferred to a limited liability company as consideration for issuing an interest in a limited liability company. See Arizona Laws 29-601
  • Commission: means the corporation commission. See Arizona Laws 29-601
  • commit: means to assign legal custody. See Arizona Laws 8-201
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Court: includes any court and judge with jurisdiction in the case. See Arizona Laws 29-601
  • Cross examine: Questioning of a witness by the attorney for the other side.
  • Decedent: A deceased person.
  • Deliver: includes sending by mail, private courier, fax or electronic transmission. See Arizona Laws 29-601
  • Delivery: means actual receipt by the person to which directed and for electronic transmissions means receipt as described in section 44-7015, subsection B. See Arizona Laws 29-601
  • Department: means the department of child safety. See Arizona Laws 8-201
  • Dependent: A person dependent for support upon another.
  • Electronic transmission: means an electronic record as defined in section 44-7002 that is sent pursuant to section 44-7015, subsection A. See Arizona Laws 29-601
  • Event of withdrawal: means an event that causes a person to cease to be a member as provided in section 29-733. See Arizona Laws 29-601
  • Executed: means executed by manual or facsimile signature on behalf of the limited liability company by a duly authorized member if management of the limited liability company is reserved to the members or manager if management of the limited liability company is vested in a manager, or if the limited liability company is in the hands of a receiver or trustee, by the receiver or trustee. See Arizona Laws 29-601
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Filing: means the commission completing the following procedure with respect to any document delivered for that purpose:

    (a) Determining that the filing fee requirements of this chapter have been satisfied. See Arizona Laws 29-601

  • Foreign limited liability company: means either:

    (a) An unincorporated entity or association that is owned by one or more persons that have limited liability for the debts of the business, other than a partnership or trust, and that is formed under the laws of a jurisdiction other than this state for any lawful purpose, including the rendering of professional services as defined in that jurisdiction. See Arizona Laws 29-601

  • Grantee: includes every person to whom an estate or interest in real property passes, in or by a deed. See Arizona Laws 1-215
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • In-home intervention: means a program of services provided pursuant to article 14 of this chapter while the child is still in the custody of the parent, guardian or custodian. See Arizona Laws 8-801
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Independent living program: includes a residential program with supervision of less than twenty-four hours a day. See Arizona Laws 8-201
  • Initial articles of organization: means the articles of organization filed with the commission at the time a limited liability company is formed, including articles of organization that are corrected to conform to the filing provisions of this chapter pursuant to section 29-634, subsection C, paragraph 2. See Arizona Laws 29-601
  • interest in the limited liability company: means a member's share of the profits and losses of a limited liability company and the right to receive distributions of limited liability company assets. See Arizona Laws 29-601
  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • juvenile: means an individual who is under the age of eighteen years. See Arizona Laws 8-201
  • Juvenile court: means the juvenile division of the superior court when exercising its jurisdiction over children in any proceeding relating to delinquency, dependency or incorrigibility. See Arizona Laws 8-201
  • License: means a license, a certificate of registration or any other evidence of the satisfaction of the requirements of a board for the practice of a professional service. See Arizona Laws 29-841
  • Licensed person: means an individual who is duly licensed by at least one board to provide at least one of the categories of professional service rendered by the professional limited liability company. See Arizona Laws 29-841
  • limited liability company: means a limited liability company organized and existing under this chapter. See Arizona Laws 29-601
  • Member: means a person who is admitted as a member in a limited liability company pursuant to this chapter until an event of withdrawal occurs with respect to the person and, if reference is made to members, that reference means a member in the case of a limited liability company that has a single member. See Arizona Laws 29-601
  • Minor: means a person under the age of eighteen years. See Arizona Laws 1-215
  • neglected: means :

    (a) The inability or unwillingness of a parent, guardian or custodian of a child to provide that child with supervision, food, clothing, shelter or medical care if that inability or unwillingness causes unreasonable risk of harm to the child's health or welfare, except if the inability of a parent, guardian or custodian to provide services to meet the needs of a child with a disability or chronic illness is solely the result of the unavailability of reasonable services. See Arizona Laws 8-201

  • Operating agreement: means either:

    (a) Any written or oral agreements among all members concerning the affairs of a limited liability company or the conduct of its business. See Arizona Laws 29-601

  • Oversight: Committee review of the activities of a Federal agency or program.
  • Person: includes any individual, general partnership, limited partnership, domestic or foreign limited liability company, corporation, trust, business trust, real estate investment trust, estate and other association. See Arizona Laws 29-601
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Petition: means a written statement of the essential facts that allege delinquency, incorrigibility or dependency. See Arizona Laws 8-201
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Plan: means a plan of merger, interest exchange, conversion, domestication or division, as applicable. See Arizona Laws 29-751
  • Population: means the population according to the most recent United States decennial census. See Arizona Laws 1-215
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Pretrial conference: A meeting of the judge and lawyers to discuss which matters should be presented to the jury, to review evidence and witnesses, to set a timetable, and to discuss the settlement of the case.
  • Professional limited liability company: means a limited liability company organized under this chapter for purposes that include rendering one or more categories of professional services. See Arizona Laws 29-841
  • Real property: includes land, any interest, leasehold or estate in land and any improvements on it. See Arizona Laws 29-601
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Referral: means a report that is submitted to the juvenile court and that alleges that a child is dependent or incorrigible or that a juvenile has committed a delinquent or criminal act. See Arizona Laws 8-201
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Serious physical injury: means an injury that is diagnosed by a medical doctor and that does any one or a combination of the following:

    (a) Creates a reasonable risk of death. See Arizona Laws 8-201

  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: means a state, possession or territory of the United States, the District of Columbia or the Commonwealth of Puerto Rico. See Arizona Laws 29-601
  • Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
  • Testify: includes every manner of oral statement under oath or affirmation. See Arizona Laws 1-215
  • Transaction: means a merger, an interest exchange, a conversion, a domestication or a division, as applicable. See Arizona Laws 29-751
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.