Alabama Statutes
§ 10A-3A-2.03 — Liability for Preincorporation Transactions
Alabama § 10A-3A-2.03
JurisdictionAlabama
Title 10AAlabama Business and Nonprofit Entities Code
Ch. 3AAlabama Nonprofit Corporation Law
Art. 2Incorporation
This text of Alabama § 10A-3A-2.03 (Liability for Preincorporation Transactions) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 10A-3A-2.03 (2026).
Text
All persons purporting to act as or on behalf of a nonprofit corporation, knowing there was no incorporation under this chapter, are jointly and severally liable for all liabilities created while so acting.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Act 2023-503, §1.)
Nearby Sections
15
§ 10A-1-1.01
Short Title§ 10A-1-1.02
Applicability of Chapter§ 10A-1-1.03
Definitions§ 10A-1-1.04
Disinterested Person§ 10A-1-1.05
Conspicuous Information§ 10A-1-1.06
Synonymous Terms§ 10A-1-1.07
Signing of Document or Other Writing§ 10A-1-1.08
Short Titles§ 10A-1-1.09
Reference in Law to Statute Revised by Title§ 10A-1-1.10
Reservation of Power§ 10A-1-1.11
Law Governing Filing Entities§ 10A-1-1.12
Entities Not Formed by Filing Instrument§ 10A-1-1.13
Internal Affairs§ 10A-1-2.01
General Scope of Permissible Purposes§ 10A-1-2.02
Prohibited PurposesCite This Page — Counsel Stack
Bluebook (online)
Alabama § 10A-3A-2.03, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/10A-3A-2.03.