If this bill were to become law, it would update current statutes by amending section 29-360 of the Arizona Revised Statutes to specifically reference the "uniform limited partnership act" instead of the more general term previously used. The bill aims to clarify the intent of the law to ensure uniformity among states that have enacted this specific act.

The current language that refers to "this" would be deleted, and the new insertion would explicitly state "the uniform limited partnership act," thereby enhancing the precision of the statute and aligning it with the terminology used in other jurisdictions. This change is intended to improve the understanding and application of the law regarding limited partnerships in Arizona.

Statutes affected:
Introduced Version: 29-360