Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter3. NONPROFIT CORPORATIONS. |
Article8. Miscellaneous Provisions. |
§10A-3-8.01. Unauthorized assumption of corporate powers.
Latest version.
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All persons who assume to act as a corporation without authority to do so shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.