Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 9. Virginia Stock Corporation Act |
ARTICLE 3. Formation of Corporations |
SECTION 13.1-622. Liability for preincorporation transactions |
All persons purporting to act as or on behalf of a corporation, 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. 1985, c. 522. |