Any person purporting to act as or on behalf of a corporation that knew or should have known that the corporation has not been formed under chapters 1 through 17 of this title is liable for all debts and liabilities incurred by the act.
A.R.S. § 10-204
Actions before incorporation; liability
Applied in 2 court decisions — leading case In the Matter of John R. Meyer, Drbtor-Appellant, Fieldcrest Cannon, Inc. v. John R. Meyer, Debtor-Appellant (1997)
Most recently applied in In the Matter of John R. Meyer, Drbtor-Appellant, Fieldcrest Cannon, Inc. v. John R. Meyer, Debtor-Appellant (October 1997)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.