N.J. Stat. § 17:17-11
Transacting business before authority given; liability of directors and corporators
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
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- Citation
- N.J. Stat. § 17:17-11, Transacting business before authority given; liability of directors and corporators, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1443580
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Full text
The directors and corporators of any company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), shall be jointly and severally liable for all obligations incurred by the company by reason of its having transacted any business before it has received legal authority so to do.