Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993 > Subchapter 2 - Organization > § 4-33-204 - Liability for preincorporation transactions.

§ 4-33-204 - Liability for preincorporation transactions.

4-33-204. 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.