All persons purporting to act as or on behalf of a corporation, but knowing there was no incorporation under this chapter, are jointly and severally liable for all liabilities created while so acting except for any liability to any person who also knew that there was no incorporation.
Va. Code Ann. § 13.1-821
Liability for preincorporation transactions
Known as the Virginia Nonstock Corporation Act
The act spans §§ 13.1-801 to 13.1-946 (183 sections).
1985, c. 522.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.