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.