Hawaii Revised Statutes 414D-34 – Liability for preincorporation transactions
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Terms Used In Hawaii Revised Statutes 414D-34
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
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.