Ark. Code Ann. § 4-27-204

Liability for preincorporation transactions

Year: 2026Length: 76 words
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. Acts 1987, No. 958, § 64-204. 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. Acts 1987, No. 958, § 64-204.
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