35-14-204. Liability for preincorporation transactions, MCA

Montana Code Annotated 2019

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 14. MONTANA BUSINESS CORPORATION ACT(Effective June 1, 2020)

Part 2. Incorporation(Effective June 1, 2020)

Liability For Preincorporation Transactions

35-14-204. Liability for preincorporation transactions. 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.

History: En. Sec. 30, Ch. 271, L. 2019.