Liability for preincorporation transactions.
Iowa Code § 504.204
in effect504.204. 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.
2004 Acts, ch 1049, §20, 192
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/504.204.pdfFetched: 10/20/2026
