Statutes > Alabama Statutes > Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS. > Chapter 2B — BUSINESS CORPORATIONS. > Section 10-2B-2.04 Liability for preincorporation transaction.

Section 10-2B-2.04 Liability for preincorporation transaction.

Section 10-2B-2.04

Liability for preincorporation transaction.

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

(Acts 1994, No. 94-245, p. 343, §1.)