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.
Utah Code § 16-10a-204
Liability for preincorporation transactions
Applied in 2 court decisions — leading case Miller v. Celebration Mining Co. (2001)
Most recently applied in 2023 UT App 102 - Johnson v. Schnabel (September 2023)
Enacted by Chapter 277, 1992 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.