Section 524.1510 - Effect of amendment.

IA Code § 524.1510 (2019) (N/A)
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524.1510 Effect of amendment.

An amendment to the articles of incorporation does not affect a cause of action existing against or in favor of the state bank, a proceeding to which the state bank is a party, or the existing rights of persons other than shareholders of the state bank. An amendment changing the state bank’s name does not abate a proceeding brought by or against the state bank in its former name.

95 Acts, ch 148, §133