2019 Tennessee Code
Title 48 - Corporations and Associations
Nonprofit Corporations
Chapter 52 - Incorporation
§ 48-52-104. Liability for preincorporation transactions.

Universal Citation: TN Code § 48-52-104 (2019)

All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under chapters 51-68 of this title, are jointly and severally liable for all liabilities created while so acting, except for any liability to any person who knew or reasonably should have known that there was no incorporation.

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