Virginia Decodedhttps://vacode.org6779413.1-622Liability for preincorporation transactions2025CorporationsVirginia Stock Corporation ActFormation of Corporations

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 except for any liability to any person who also knew that there was no incorporation.

1985, c. 522.