In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact the Uniform Act.
Sec. 5. Effective Date
This act is effective from and after August 31, 2019.
Sec. 6. Savings Clause
This act does not affect an action commenced, proceeding brought or right accrued before September 1, 2019. With respect to a limited liability company formed before September 1, 2019, the rights and obligations of the company’s members and managers relating to matters arising and events occurring before September 1, 2020, based on events and activities occurring before September 1, 2020, shall be determined according to the law and terms of the operating agreement in effect at the time of the matters and events.
Note: As of September 1, 2020, this statute applies to all Arizona LLCs . The text above shows the statute as of January 31, 2021. To see if the Arizona legislature modified this statute after January 31, 2021, go the the Arizona legislature's website for Title 29, Chapter 7.