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 Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017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.)