Statutes > Idaho Statutes > TITLE 30 CORPORATIONS > CHAPTER 3 IDAHO NONPROFIT CORPORATION ACT > 30-3-19 LIABILITY FOR PREINCORPORATION TRANSACTIONS.

30-3-19 LIABILITY FOR PREINCORPORATION TRANSACTIONS.

TITLE 30

CORPORATIONS

CHAPTER 3

IDAHO NONPROFIT CORPORATION ACT

30-3-19.Liability for preincorporation transactions. All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this act, are jointly and severally liable for all liabilities created while so acting.