GroundRules
35-2-215: Liability for preincorporation transactions.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 2. NONPROFIT CORPORATIONS
- Part 2. Formation -- Articles of Incorporation Bylaws -- Amendments
A person who purports to act as or on behalf of a corporation but who knows that there was no incorporation under this chapter is jointly and severally liable for all liabilities created while so acting.
Collected 2026-09-14T04:53:07Z. Source file · JSON