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Code · Utah · Title 16 — Corporations · Chapter 10A

16-10a-204. Liability for preincorporation transactions.

45 words·~1 min read·/ut/title-16/chapter-10a/16-10a-204

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16-10a-204. 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.
Enacted by Chapter 277 , 1992 General Session
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