Arizona Revised Statutes Title 29. Partnership § 29-1003. Effect of partnership agreement; nonwaivable provisions

1. Vary the rights and duties under § 29-1005 except to eliminate the duty to provide copies of statements to all of the partners.

2. Unreasonably restrict the right of access to books and records under § 29-1033, subsection B.

3. Eliminate the duty of loyalty under § 29-1034, subsection B or § 29-1053, subsection B, paragraph 3, except that the partnership agreement may identify types or categories of activities that do not violate the duty of loyalty.

4. Eliminate the duty of care under § 29-1034, subsection C or § 29-1053, subsection B, paragraph 3, except that the partnership agreement may prescribe the standard by which the performance of the duty is to be measured.

5. Eliminate the obligation of good faith and fair dealing under § 29-1034, subsection D, except that the partnership agreement may prescribe the standards by which the performance of the obligation is to be measured.

6. Vary the power to dissociate as a partner under § 29-1052, subsection A, except to require the notice under § 29-1051, paragraph 1 to be in writing.

7. Restrict rights of persons other than a partner, the partner's transferee, the legal representative of a partner, the transferee of the legal representative of a partner or the partnership under this chapter.

8. Vary the law applicable to a limited liability partnership under § 29-1006.