Idaho Code § 30-29-204

Current through Chapter 330 of the 2024 Regular Legislative Session

Section 30-29-204 - 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.

[30-29-204, added 2015, ch. 243, sec. 57, p. 906; am. 2019, ch. 90, sec. 18, p. 240.]

Amended by 2019 Session Laws, ch. 90,sec. 18, eff. 7/1/2019.

Added by 2015 Session Laws, ch. 243,sec. 57, eff. 7/1/2015.