{"data":{"id":"us-nj/n.j.-stat.-17-17-11","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:17-11","heading":"Transacting business before authority given;  liability of directors and corporators","body":"The directors and corporators of any company organized under chapters 17 to  33 of this title (s. 17:17-1 et seq.), shall be jointly and severally liable for  all obligations incurred by the company by reason of its having transacted any  business before it has received legal authority so to do.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"5674b9b614a04c8deae9f22c3549ebff251e8a73b1ca1efa64ba409d8500e43d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-17-10","next":"us-nj/n.j.-stat.-17-17-12"},"notice":"GroundRules: Original legal text. Not legal advice."}