Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 29. Partnership |
Chapter 3. LIMITED PARTNERSHIPS |
Article 4. General Partners |
Sec 29-324. General powers and liabilities
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A. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
B. Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners.
C. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.