23-1-38-9. Effect of amendment

IN Code § 23-1-38-9 (2019) (N/A)
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Sec. 9. An amendment to 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 preexisting 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.

As added by P.L.149-1986, SEC.22.