16-6a-204 - Liability for preincorporation transactions.
16-6a-204. Liability for preincorporation transactions.
All persons purporting to act as or on behalf of a nonprofit corporation, knowing there isno incorporation under this chapter, are jointly and severally liable for all liabilities created whileso acting.
All persons purporting to act as or on behalf of a nonprofit corporation, knowing there isno incorporation under this chapter, are jointly and severally liable for all liabilities created whileso acting.
Enacted by Chapter 300, 2000 General Session
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