Ariz. Rev. Stat. » Title 29
Arizona Revised Statutes

Ariz. Rev. Stat. § 29-307 (2026)

Business transactions of partner with partnership

✓ current as of May 2026
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Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.

Notes of Decisions
Cited in 6 cases, 1968–1991 · leading case: Retzke v. Larson, 803 P.2d 439 (Ariz. Ct. App. 1990).
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Retzke v. Larson, 803 P.2d 439 (Ariz. Ct. App. 1990). · cites it 4× “However, § 29-364 of the 1982 Act provides that “[a]n existing limited partnership and its partners are governed by this chapter and have the same rights and are subject to the same limitations, restrictions and liabilities as a limited partnership formed under this chapter and…”
Wood v. Holiday Mobile Home Resorts, Inc., 625 P.2d 337 (Ariz. Ct. App. 1980). · cites it 4× “A.R.S. § 29-307. Limited partners have no right to control the business of the partnership and have limited rights in the partnership assets.”
Kitchell Corp. v. Hermansen, 446 P.2d 934 (Ariz. Ct. App. 1968). · cites it 2× “Section 7 «f the Uniform Limited Partnership Act, A.R.S. § 29-307; Section 9 of the Uniform Limited Partnership Act, A.”
Gateway Potato Sales v. G.B. Inv. Co., 822 P.2d 490 (Ariz. Ct. App. 1991). “The language of Arizona’s then § 29-307 was taken verbatim from section 7 of the ULPA.”
Sertich v. Moorman, 767 P.2d 34 (Ariz. Ct. App. 1988). · cites it 2× “A.R.S. § 29-307 [now A.R.S. § 29-319]. Limited partners have no right to control the business of the partnership and have limited rights in the partnership assets.”
Bjerke v. United States, 677 F. Supp. 633 (D.N.D. 1987). “Ariz.Rev.Stat.Ann. § 29-307. And by signing a guarantee agreement, a limited partner does not take part in control of the business.”
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