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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 6. Alaska Corporations Code
- Section 220. Liability For Acting as Nonexistent Corporation.
previous: Section 218
. Effect of Issuance of Certificate of Incorporation.
next: Section 223
. Organizational Meeting.
AS 10.06.220. Liability For Acting as Nonexistent Corporation.
- (a) Except as provided in (b) of this section persons who assume to act as a corporation for which there has been no
issuance of a certificate of incorporation under AS 10.06.218
are jointly and severally liable for debts and liabilities incurred or arising as a result of that action.
- (b) The terms of a written contract between a third party and persons acting on behalf of a corporation for which there
has been no issuance of a certificate of incorporation may modify or preclude the liability created by this section.
- (c) An oral promise, agreement or understanding is not effective to modify or preclude the liability created in (a) of
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