Terms Used In Arizona Laws > Title 29 > Chapter 3 > Article 10 - Derivative Actions

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• General partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner. See Arizona Laws 29-301
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Arizona Laws 29-301
• Partner: means a limited or general partner. See Arizona Laws 29-301
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means a natural person, partnership, domestic or foreign limited partnership, trust, estate, association, corporation or entity. See Arizona Laws 29-301
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.