Section 46-3-203. Unauthorized assumption of corporate powers

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All persons who assume to act as an electric membership corporation before the Secretary of State has issued the certificate of incorporation to the incorporator or incorporators or his or their attorney shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.

Code 1933, § 34C-204, enacted by Ga. L. 1981, p. 1587, § 1.

                    
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