Montana Code 35-2-215. Liability for preincorporation transactions
Current as of: 2023 | Check for updates
|
Other versions
35-2-215. Liability for preincorporation transactions. A person who purports to act as or on behalf of a corporation but who knows that there was no incorporation under this chapter is jointly and severally liable for all liabilities created while so acting.
Terms Used In Montana Code 35-2-215
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Person: includes any individual or entity. See Montana Code 35-2-114