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.
Idaho Code § 30-29-204
Liability for preincorporation transactions
Known as the Idaho Business Corporation Act
The act spans §§ 30–30 (209 sections).
I.C., § 30-29 -204, as added by 2015, ch. 243, § 57, p. 758; am. 2019, ch. 90, § 18, p. 220.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.