Code of Virginia - Title 13.1 Corporations - Section 13.1-821 Liability for preincorporation transactions

§ 13.1-821. Liability for preincorporation transactions

All persons purporting to act as or on behalf of a corporation, but knowing there was no incorporation under this chapter, are jointly and severally liable for all liabilities created while so acting except for any liability to any person who also knew that there was no incorporation.

(1985, c. 522.)

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Last modified: April 2, 2009