S.C. Code § 33-31-204

Current through 2024 Act No. 209.
Section 33-31-204 - 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 except for any liability to any person who knew or reasonably should have known that there was no incorporation.

S.C. Code § 33-31-204

1994 Act No. 384, Section 1.