LIABILITY FOR PREINCORPORATION TRANSACTIONS.

  1. Law
  2. Idaho Code
  3. CORPORATIONS
  4. GENERAL BUSINESS CORPORATIONS
  5. INCORPORATION
  6. LIABILITY FOR PREINCORPORATION TRANSACTIONS.

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30-29-204. 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:

[30-29-204, added 2015, ch. 243, sec. 57, p. 906; am. 2019, ch. 90, sec. 18, p. 240.]


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