490.1009 - EFFECT OF AMENDMENT.
490.1009 EFFECT OF AMENDMENT. An amendment to the articles of incorporation does not affect a cause of action existing against or in favor of the corporation, a proceeding to which the corporation is a party, or the existing rights of persons other than shareholders of the corporation. An amendment changing a corporation's name does not abate a proceeding brought by or against the corporation in its former name.
Section History: Recent Form 89 Acts, ch 288, §117; 2002 Acts, ch 1154, §62, 125