29-367. Limited partnership as limited liability partnership
129 words·~1 min read·
/az/title-29/29-367A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A limited partnership is a limited liability partnership as well as a limited partnership if it:
1. Qualifies as a limited liability partnership as provided in section 29-1101 as permitted by its written partnership agreement or, if its written partnership agreement is silent, with the consent of the partners required to amend its written partnership agreement; and
2. Has a name that complies with the requirements of sections 29-302 and 29-1102.
B. In applying section 29-1101 to a limited partnership, all references to partners mean general partners.
C. If a limited partnership is a limited liability partnership, section 29-1026 applies to its general partners and to any of its limited partners who under the provisions of this chapter are liable for the debts or obligations of the partnership.