Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 2 - Business and Professional Corporations and Companies > CHAPTER 490A - LIMITED LIABILITY COMPANIES > 490A.302 - LIABILITY.

490A.302 - LIABILITY.

        490A.302  LIABILITY.         All persons purporting to act as or on behalf of a limited      liability company, knowing there is no organization under this      chapter, are jointly and severally liable for all liabilities created      while so acting.
         Section History: Recent Form
         92 Acts, ch 1151, § 25