{"data":{"id":"us-sc/s.c.-code-ann.-33-31-204","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-31-204","heading":"Liability for preincorporation transactions.","body":"All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, are jointly and severally liable for all liabilities created while so acting except for any liability to any person who knew or reasonably should have known that there was no incorporation.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 31 South Carolina Nonprofit Corporation Act","ARTICLE 2 Incorporation"],"source_url":"https://www.scstatehouse.gov/code/t33c031.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:03:59Z","sha256":"78287fe009832d1d0a441c23e220440c2948ef4eca68cbe6e26bdb70378907be","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-31-203","next":"us-sc/s.c.-code-ann.-33-31-205"},"notice":"GroundRules: Original legal text. Not legal advice."}