Arizona Revised Statutes Title 29. Partnership § 29-1001. Definitions

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:

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 § 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,  2 predecessor law or comparable law of another jurisdiction.

10. “Partner” means a general partner and, for purposes of article 9 of this chapter,  3 both a general partner and a limited partner.

11. “Partnership” means an association or entity formed under § 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 § 29-1023, a statement of denial under § 29-1024, a statement of dissociation under § 29-1064, a statement of dissolution under § 29-1075, a statement of merger under § 29-2205, a statement of qualification as a limited liability partnership under § 29-1101, a statement of foreign qualification under § 29-1106 or an amendment or cancellation of any of the foregoing.

19. “Transfer” includes an assignment, conveyance, lease, mortgage, deed and encumbrance.