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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-204 Liability for pre-incorporation transactions.
Universal Citation: SD Codified L § 47-1A-204 (2018)
47-1A-204. Liability for pre-incorporation transactions. Any person purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, is jointly and severally liable for all liabilities created while so acting.
Source: SL 2005, ch 239, ยง 33.
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