35-1-119. Liability of and to ostensible corporations. All persons who assume to act as a corporation without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.

     History: En. Sec. 135, Ch. 300, L. 1967; R.C.M. 1947, ; amd. Sec. 3, Ch. 475, L. 1981; Sec. , MCA 1989; redes. by Sec. 221, Ch. 368, L. 1991.