35-2-215. Liability for preincorporation transactions. A person who purports to act as or on behalf of a corporation but who knows that there was no incorporation under this chapter is jointly and severally liable for all liabilities created while so acting.

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Terms Used In Montana Code 35-2-215

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Person: includes any individual or entity. See Montana Code 35-2-114