271B.2 -040 Liability for preincorporation transactions. All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, shall be jointly and severally liable for all liabilities created while so acting. Effective: January 1, 1989 History: Created 1988 Ky. A cts ch. 23, sec. 18, effective January 1, 1989.
Kentucky Legal Code