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.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

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