All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, shall be jointly and severally liable for all liabilities created while so acting.
KRS 271B.2-040
Liability for preincorporation transactions
Known as the Kentucky Business Corporation Act
The act spans §§ 271B.10-010 to 271B.8-580 (197 sections).
Effective: January 1, 1989 History: Created 1988 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.