Liability for preincorporation transactions.

Checkout our iOS App for a better way to browser and research.

All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this title, are jointly and severally liable for liabilities created while so acting except for any liability to any person who also knew that there was no incorporation.

[ 1989 c 165 § 29.]


Download our app to see the most-to-date content.