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Section 4-33-204 - Liability for preincorporation transactions — Arkansas Law | CourtGPT
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  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
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  7. Subchapter 2 - Organization/
  8. Section 4-33-204 - Liability for preincorporation transactions
Arkansas Legal Code

Section 4-33-204 - 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 1993, No. 1147, § 204.