Liability for Preincorporation Transactions.

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  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
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  6. Liability for Preincorporation Transactions.

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Section 10A-2-2.04

Liability for preincorporation transactions.

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

Any person purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, is liable for all liabilities created by so acting.

(Acts 1994, No. 94-245, p. 343, §1; §10-2B-2.04; amended and renumbered by Act 2009-513, p. 967, §89.)


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