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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/10A-5-1.05.htm
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Modified:2014-05-29 10:05:06
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Title:10A-5-1.05
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Body:Section 10A-5-1.05

Unauthorized assumption of powers. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.

All persons who assume to act as a limited liability company without authority to do so shall be jointly and severally liable for all debts and liabilities created by their so acting.

(Acts 1993, No. 93-724, p. 1425, §7; §10-12-7; amended and renumbered by Act 2009-513, p. 967, §216.)