2023 Arizona Revised Statutes › Title 29 - Partnership › § 29-1001 - Definitions

29-1001.
Definitions
In this chapter,  unless the context otherwise requires:
1. " Business"  includes every trade,  occupation and profession.
2. " Chief executive office"  means the place from which the main part of the partnership's business is managed.
3. " Debtor in bankruptcy"  means a person who is the subject of either:
(a) An order for relief under title 11 of the United States Code or a comparable order under a successor statute of general application.
(b) A comparable order under federal,  state or foreign law governing insolvency.
4. " Distribution"  means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee.
5. " Foreign limited liability partnership"  means a partnership or limited partnership that is formed or created under laws other than the laws of this state and that is qualified as a limited liability partnership under those laws.
6. " General partner"  means a partner in a partnership and a general partner in a limited partnership.
7. " Limited liability partnership"  means a partnership or limited partnership that has filed a statement of qualification under section 29-1101.
8. " Limited partner"  means a limited partner in a limited partnership.
9. " Limited partnership"  means a limited partnership created under chapter 3 of this title,  predecessor law or comparable law of another jurisdiction.
10. " Partner"  means a general partner and,  for purposes of article 9 of this chapter,  both a general partner and a limited partner.
11. " Partnership"  means an association or entity formed under section 29-1012,  a predecessor law or a comparable law of another jurisdiction.
12. " Partnership agreement"  means the agreement,  whether written,  oral or implied,  among the partners concerning the partnership,  including amendments to the partnership agreement.
13. " Partnership at will"  means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.
14. " Partnership interest"  or " partner's interest in the partnership"  means all of a partner's interests in the partnership,  including the partner's transferable interest and all management and other rights.
15. " Person"  means an individual,  corporation,  business trust,  estate,  trust,  partnership,  association,  joint venture,  government,  governmental subdivision,  agency or instrumentality or any other legal or commercial entity.
16. " Property"  means all property,  real,  personal or mixed,  tangible or intangible,  or any interest in such property.
17. " State"  means a state of the United States,  the District of Columbia,  the Commonwealth of Puerto Rico or any territory or insular possession subject to the jurisdiction of the United States.
18. " Statement"  means a statement of partnership authority under section 29-1023,  a statement of denial under section 29-1024,  a statement of dissociation under section 29-1064,  a statement of dissolution under section 29-1075,  a statement of merger under section 29-2205,  a statement of qualification as a limited liability partnership under section 29-1101,  a statement of foreign qualification under section 29-1106 or an amendment or cancellation of any of the foregoing.
19. " Transfer"  includes an assignment,  conveyance,  lease,  mortgage,  deed and encumbrance.