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2022 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 2 - Incorporation.
Section 10A-2A-2.03 - Liability for Preincorporation Transactions.
Universal Citation:
AL Code § 10A-2A-2.03 (2022)
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Section 10A-2A-2.03
Liability for preincorporation transactions.
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.
(Act 2019-94, §1.)
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