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302A.141 EFFECT OF AMENDMENT.

Subdivision 1.Effect on cause of action.

An amendment does not affect an existing cause of action in favor of or against the corporation, nor a pending suit to which the corporation is a party, nor the existing rights of persons other than shareholders.

Subd. 2.Effect of change of name.

If the corporate name is changed by the amendment, a suit brought by or against the corporation under its former name does not abate for that reason.

Subd. 3.Effect of amendments restating articles.

When effective under section 302A.153, an amendment restating the articles in their entirety supersedes the original articles and all amendments to the original articles.

History:

1981 c 270 s 17; 1987 c 104 s 14

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