Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 2 - Business and Professional Corporations and Companies > CHAPTER 490 - BUSINESS CORPORATIONS > 490.204 - LIABILITY FOR PREINCORPORATION TRANSACTIONS.

490.204 - LIABILITY FOR PREINCORPORATION TRANSACTIONS.

        490.204  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.
         Section History: Recent Form
         89 Acts, ch 288, §21