Section 504.204 - Liability for preincorporation transactions.

IA Code § 504.204 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

504.204 Liability for preincorporation transactions.

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.

2004 Acts, ch 1049, §20, 192