New Jersey Revised Statutes § 17:17-11 - Transacting Business Before Authority Given; Liability Of Directors And Corporators

17:17-11. Transacting business before authority given; liability of directors and corporators
The directors and corporators of any company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), shall be jointly and severally liable for all obligations incurred by the company by reason of its having transacted any business before it has received legal authority so to do.


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Last modified: October 11, 2016