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

Ariz. Rev. Stat. § 29-324 (2026)

General powers and liabilities

✓ current as of May 2026
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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.

Notes of Decisions
Cited in 5 cases, 1988–1995 · leading case: Carden v. Arkoma Assocs., 494 U.S. 185 (1990).
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Carden v. Arkoma Assocs., 494 U.S. 185 (1990). · cites it 2× “1989) (derivative actions); Ariz. Rev. Stat. Ann. § 29-324 (1989) (general partners of limited partnership have duties and obligations of partners to general partnership); § 29-209 (general partners is agent of partnership); § 29-356 (limited partners limited to derivative…”
Catalina Mortg. Co., Inc. v. Monier, 800 P.2d 574 (Ariz. 1990). · cites it 2× “This section is made applicable to general partners in a limited partnership by A.R.S. § 29-324(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…”
Ayres v. Red Cloud Mills, Ltd., 808 P.2d 1226 (Ariz. Ct. App. 1990). · cites it 2× “” A.R.S. § 29-324(B). Such liability in a "partnership without limited partners" is defined in part under A.”
Sertich v. Moorman, 767 P.2d 34 (Ariz. Ct. App. 1988). · cites it 2× “A contrary interpretation would conflict with A.R.S. § 29-324 which provides: (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…”
Kenney v. Comm'r, 70 T.C.M. 614 (Tax Ct. 1995). “Under Arizona law, a general partner can be held individually liable for the debts of the partnership.”
— Ariz. Rev. Stat. § 29-324(B) — 1 case
Ayres v. Red Cloud Mills, Ltd., 808 P.2d 1226 (Ariz. Ct. App. 1990). “” A.R.S. § 29-324(B). Such liability in a "partnership without limited partners" is defined in part under A.”
— Ariz. Rev. Stat. § 29-324(b) — 1 case
Catalina Mortg. Co., Inc. v. Monier, 800 P.2d 574 (Ariz. 1990). “This section is made applicable to general partners in a limited partnership by A.R.S. § 29-324(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…”
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