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2023 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5 - Limited Liability Companies.
Article 1 - General Provisions.
Section 10A-5-1.05 - Unauthorized Assumption of Powers. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017.
Universal Citation:
AL Code § 10A-5-1.05 (2023)
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Section 10A-5-1.05
Unauthorized assumption of powers. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
All persons who assume to act as a limited liability company without authority to do so shall be jointly and severally liable for all debts and liabilities created by their so acting.
(Acts 1993, No. 93-724, p. 1425, §7; §10-12-7; amended and renumbered by Act 2009-513, p. 967, §216.)
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