S.D. Codified Laws § 47-1A-204

Current through the 2024 Legislative Session

Section 47-1A-204 - Liability for pre-incorporation transactions

Any person purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, is jointly and severally liable for all liabilities created while so acting.

SDCL 47-1A-204

SL 2005, ch 239, §33.