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Section 4-27-204 - Liability for preincorporation transactions — Arkansas Law | CourtGPT
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  3. Arkansas/
  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
  5. Subtitle 3 - Corporations and Associations/
  6. Chapter 27 - Business Corporation Act of 1987 Sub/
  7. Subchapter 2 - Incorporation/
  8. Section 4-27-204 - Liability for preincorporation transactions
Arkansas Legal Code

Section 4-27-204 - Liability for preincorporation transactions

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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.Acts 1987, No. 958, § 64-204.