Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Chapter 2 - INCORPORATION
Section 33-2-104 - Liability for preincorporation transactions

S.C. Code § 33-2-104

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Current through 2024 Act No. 225.
Section 33-2-104 - Liability for preincorporation transactions

All persons purporting to act as or on behalf of a corporation, when there has been no incorporation under Chapters 1 through 20 of this Title, are jointly and severally liable for all liabilities created while so acting, provided that any person so acting while believing in good faith that the articles have been filed shall not have any liability under this section.

S.C. Code § 33-2-104

1988 Act No. 444, Section 2; Repealed, 1988 Act No. 444, Section 2]; 1981 Act No. 146, Section 2; 1962 (52) 1996; Derived from 1976 Code Section 33-7-60 [1962 Code Section 12-14.6.