Unauthorized assumption of corporate powers -- liability

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35-3-204. Unauthorized assumption of corporate powers -- liability. All persons who assume to act as a corporation hereunder without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as the result thereof.

History: En. Sec. 11, Ch. 301, L. 1967; R.C.M. 1947, 15-2411.


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