Ark. Code § 4-27-204

Current with legislation from 2024 effective through May 3, 2024.
Section 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.

Ark. Code § 4-27-204

Acts 1987, No. 958, § 64-204.