Oregon Statutes 63.054 – Liability for preorganization transactions
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All persons purporting to act as or on behalf of a limited liability company, knowing the limited liability company was not then in existence, are jointly and severally liable for all liabilities created while so acting. [1993 c.173 § 17]
Terms Used In Oregon Statutes 63.054
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.