Vermont Statutes
Chapter 2 - Incorporation
§ 2.04. Liability for preincorporation transactions

§ 2.04. Liability for preincorporation transactions
All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this title, are jointly and severally liable for all liabilities created while so acting. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)