---
title: O.C.G.A. § 14-2-204. Liability for preincorporation transactions.
collection: code
id: 14-2-204
cite_as: O.C.G.A. § 14-2-204 (2025)
canonical_url: https://georgiacommons.org/code/14-2-204
md_url: https://georgiacommons.org/code/14-2-204.md
text_url: https://georgiacommons.org/code/14-2-204/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=57
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / BUSINESS CORPORATIONS / INCORPORATION
---

# O.C.G.A. § 14-2-204. Liability for preincorporation transactions.

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.

## History

Code 1981, § 14-2-204, enacted by Ga. L. 1988, p. 1070, § 1.

## Law Reviews

For article discussing liability of corporate directors, officers, and shareholders under the Georgia Business Corporation Code, and as affected by provisions of the Georgia Civil Practice Act, see 7 Ga. St. B. J. 277 (1971). For survey article on business associations, see 34 Mercer L. Rev. 13 (1982). For survey article discussing developments in law of business associations for the period from June 1, 1998 through May 31, 1999, see 51 Mercer L. Rev. 127 (1999).

For comment, ‘‘An Empirical Study of Defective Incorporation,’’ see 39 Emory L.J. 523 (1990).