Liability for pre-incorporation transactions.

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  2. South Dakota Codified Laws
  3. Corporations
  4. South Dakota Business Corporation Act
  5. Liability for pre-incorporation transactions.

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47-1A-204. Liability for pre-incorporation transactions.

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

Source: SL 2005, ch 239, §33.


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