2015 Minnesota Statutes

322B.165 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 limited liability company, nor a pending suit to which the limited liability company is a party, nor the existing rights of persons other than members.

Subd. 2.Effect of change of name.

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

Subd. 3.Effect of amendments restating articles.

When effective under section 322B.175, an amendment restating the articles of organization in their entirety supersedes the original articles of organization and all amendments to the original articles of organization.

History:

1992 c 517 art 2 s 17

NOTE: This chapter is repealed by Laws 2014, chapter 157, article 1, section 91, effective January 1, 2018.