Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 27 - Business Corporation Act Of 1987 > Subchapter 2 - Incorporation > § 4-27-204 - Liability for preincorporation transactions.

§ 4-27-204 - Liability for preincorporation transactions.

4-27-204. Liability for preincorporation transactions.

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