This act does not affect:

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Terms Used In Arizona Laws 29-1111

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • 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.
  • Partnership: means an association or entity formed under section 29-1012, a predecessor law or a comparable law of another jurisdiction. See Arizona Laws 29-1001
  • Statute: A law passed by a legislature.

1. An action or proceeding commenced or right accrued or any liability incurred before the effective date of this chapter.

2. The validity or enforceability of any provision of a partnership agreement which was valid or enforceable under any prior statute that was in effect at the time such provision became part of the partnership agreement.