N.J. Stat. § 17:17-11
Current through L. 2023, c. 280.
The directors and corporators of any company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), shall be jointly and severally liable for all obligations incurred by the company by reason of its having transacted any business before it has received legal authority so to do.
N.J.S. § 17:17-11