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2015 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-2020 Repealed. Laws 2014, LB749, § 298; Laws 2015, LB157, § 10. Operative date January 1, 2017. Preincorporation transactions; joint and several liability.

NE Code § 21-2020 (2015) What's This?

21-2020. Repealed. Laws 2014, LB749, § 298; Laws 2015, LB157, § 10. Operative date January 1, 2017. Preincorporation transactions; joint and several liability.

All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under the Business Corporation Act, shall be jointly and severally liable for all liabilities created while so acting.

Source

  • Laws 1995, LB 109, § 20.

Annotations

  • This section is not applicable when an individual contracts as an agent of a corporation that was in existence when the contract was executed. Par 3, Inc. v. Livingston, 268 Neb. 636, 686 N.W.2d 369 (2004).

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