{"data":{"id":"us-sd/sdcl-47-1a-204","jurisdiction":"us-sd","citation":"SDCL § 47-1A-204","heading":"Liability for pre-incorporation transactions.","body":"Any person purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, is jointly and severally liable for all liabilities created while so acting.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-204","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"1486d773b39bc74d891af3ed8fbb73f0bfab83fa1642df72c25b0bb65dbd3bbf","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-203","next":"us-sd/sdcl-47-1a-205"},"notice":"GroundRules: Original legal text. Not legal advice."}