RCW 23B.02.040: Liability for preincorporation transactions.

RCWs > Title 23B > Chapter 23B.02 > Section 23B.02.040

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

23B.02.032 << 23B.02.040 >> 23B.02.050

PDFRCW 23B.02.040

Liability for preincorporation transactions.

All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this title, are jointly and severally liable for liabilities created while so acting except for any liability to any person who also knew that there was no incorporation.

[ 1989 c 165 § 29.]