TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 2. NONPROFIT CORPORATIONS

Part 2. Formation -- Articles of Incorporation Bylaws -- Amendments

Liability For Preincorporation Transactions

35-2-215. Liability for preincorporation transactions. 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.

History: En. Sec. 24, Ch. 411, L. 1991.