Arizona Revised Statutes

Ariz. Rev. Stat. § 29-356 (2026)

Right of action

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed.

Notes of Decisions
Cited in 2 cases, 2014–2018 · leading case: Simms v. Rayes, 316 P.3d 1235 (Ariz. Ct. App. 2014).
Simms v. Rayes, 316 P.3d 1235 (Ariz. Ct. App. 2014). · cites it 2× “A.R.S. § 29-356. Ron’s direct claims are aligned with the derivative claims filed on behalf of and for the benefit of TP Racing.”
J. Ball Trust v. Phx Orchard, 431 P.3d 589 (Ariz. Ct. App. 2018). · cites it 4× “”3 See A.R.S. § 29-356. A few months later, the trial court approved the rescission of the Trust’s investment in POG and entered final judgment on the Trust’s fraud claims in the first case, which was later affirmed by this Court.”
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