Ala. Code § 10A-2A-2.03

Current with legislation from 2024 effective through April 25, 2024.

Section 10A-2A-2.03 - 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.

Ala. Code § 10A-2A-2.03 (1975)

Added by Act 2019-94,§ 1, eff. 1/1/2020.